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Re:Venice Battles Flooding Amid Highest Tide in 50 Years by frenchyatwork on Wednesday November 13, 2019 @03:53PM (#21529432)
Wouldn't other luxury housing increase in value though? It's not like the rich people are going stop having vacation homes.
Re:Venice Battles Flooding Amid Highest Tide in 50 Years by 0xffff2 on Wednesday November 13, 2019 @04:38PM (#21529886)
If you're a beachfront town, you don't care much that rich people are now buying vacation homes in the mountains. Your economy is still ruined.