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 …
-
-
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?
4 replies 0 retweets 2 likes -
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 4 likes -
Replying to @kimmaicutler
Hmm... but presumably local fire protection is not entirely paid for with local taxes, so some socialization of costs must be at work? Either way, that’s some seriously perverse risk-taking.
1 reply 0 retweets 0 likes
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.
