Runcible [none/use name]

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Joined 4 years ago
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Cake day: July 29th, 2020

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  • As long as housing is a tradable commodity with essentially zero risk or carrying costs,

    I have been interested in the insurers that are pulling out of Florida & California as the climate disaster risks become to high for this reason. Once home insurance isn’t available housing is no longer a great investment, new buyers can’t get mortgages, home sale price seems like it would have to drop in response which I guess causes a lot of current mortgages to go weird. And as a bonus both states are on “opposite sides” of the political spectrum and will be just comically unable or unwilling to deal with the problem but presumably in different flavors.

    This is going to be shitty for people but seems like it is better than the status quo existing in perpetuity. It will be like having a glimpse a few years into the future for most other states.