alt Hacker News> when the government sets a price ceiling, insurance companies just leave…
> the insurance rates in Pacific Palisades or on the Florida coast would be so high that no one could afford to live there…
Seems like the result is the same — people will live there but without insurance.
Replies
orange_joe • yesterday at 4:12 AM
worse, you’ll be paying to bail them out in the name of solidarity.
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Can't get insurance -> can't get a mortgage -> can't buy a house