Re:Hurricane Ian damages in Southeast estimated at $100B to ...
by beowulfey on Friday September 30, 2022 @02:03PM
(#33038367)
The language of the parent is strong, but the context is if those rebuilds were not subsidized, they probably would not happen anymore. If you get rid of the economic incentive to build there... no one would. Of course, to become public space, which is a logical use of damage-prone areas, the land would have to become so cheap from lack of interest that the state could buy it back. It would be a long process to get there, for sure.
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Re:Hurricane Ian damages in Southeast estimated at $100B to ...
by PM_me_your_math on Friday September 30, 2022 @03:56PM
(#33039966)
That sounds great, unless you own the property and are forced to sell it to the government for pennies on the dollar because some beaurocracy unilaterally decreed your land as uninhabitable and uninsurable.