A great article. We were in Brooklyn in June and saw what are talking about. High rise condos going up right along the river. It crazy that they are even allowed to build there considering the problems that another Sandy would cause.
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Why shouldn’t people be “allowed” to do what they want with their own property? What shouldn’t be “allowed” is government subsidizing repair of the damage to the property with my tax dollars.
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I agree completely. Build wherever you want but don’t ask me to pay to rebuild it.
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commercial and residential construction in NYC is artificially propped up by foreign investment. Those skyscrapers are just vaults.
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Developers will always do this, as long as the market is hot enough and they can leave someone else holding the bag after a disaster.
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Shortsighted greed.
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don't subsidize them or bail out waterfront homes and you won't be affected by it. problem solved.
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Because making money has no morality or apathy. If some people suffer to make others some wealth, then so be it. Another reason God is a lie. Red/Blue, greed has no virtue.
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The government's literally paying people to build in flood zones, and you blame it on greed?
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They'll just complain about global warming once the buildings are, literally, under water! Then they'll sue the oil industry for their losses.
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The federal government, also known as the taxpayers, insure them & they have little to no risk.
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Drug money
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