Property insurance rates are an effective deterrent, if allowed to function. It's FedGov that offers subsidized volcano insurance.https://twitter.com/matthew_d_green/status/906681123794800642 …
-
-
Some people will always make bad bets. Our politicized/"democratic" flood insurance program makes the problem vastly worse.
-
But in a competitive market, people making bad bets drive a race-to-the-bottom.
End of conversation
New conversation -
-
-
Like I said, people/other parties can also self-insure i.e. go without insurance that covers floods.
-
Far fewer people would build in flood plains if they were forced to self-insure.
-
You forgot the "in theory" there.
-
NFIP isn't a hypothetical.
-
I meant, in theory, fewer people would build there without. And I don't doubt it's a potential headwind. But there's a lot of moving parts.
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.