Alternate headline: Coastal Californian housing costs are displacing people to areas that will most definitely, certainly burn down to the ground.https://twitter.com/voguemagazine/status/1072800861737369601 …
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Replying to @kimmaicutler
Don’t they know this? Do they just accept the risk? Or do they cynically free-ride on expectation of freebie government fire protection/damages insurance? I imagine home insurance rates are distorted by expectation of subsidized protection?
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Replying to @vgr
I don’t think there’s freebies. Many
#Tubbsfire victims were under-insured by hundreds of thousands of dollars.2 replies 0 retweets 5 likes
Replying to @kimmaicutler @vgr
Single family residential builds are $600/ft around these parts, maybe closer to $400/ft for dense multi-family. It’s expensive and also there’s a labor shortage.
4:29 PM - 18 Dec 2018
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3 likes
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