alt Hacker NewsWhy bother building a better home when it's cheaper to buy insurance and rebuild later?
This is why prices are important - sometimes it's sensible to build cheaper houses without these safeties if the risk isn't there, but if the risk does exist then it needs to be priced right to provide that incentive.
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How about the cost of your life? If the house resists the earthquake and you are inside it, you don't die.
Maybe people don't like to restart their lives like that if it's avoidable, even if it costs more.
Only you also take into account your cheap home will likely accelerate the problem. Which never happens.
in case of earthquakes: to not to die.
Hah financialization strikes again. Try explaining this to a person from a third world country, they would say "what are you talking about". Also they would have better health care than your average American.
The key thing to understand is that you don't get to choose when the house gets destroyed or get advanced notice. Which means you might be in there, or your kids, or all your belongings. But yes, after you're dead in the rubble someone else can rebuild your house and it might be cheaper.