alt Hacker NewsGenerally I agree, and we’ve known this for a long time but people stay in denial. It’s the same thing in Miami.
Unfortunately though, the solution isn’t that easy.
For one, if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost, or trying to pass it off to another sucker which just feels unethical.
For two, families and communities make it hard for people. Many rely on their friends and family as support systems. Elderly for example, may only have their family taking care of them and their poker night friends are the only ones they have left - if they go somewhere, that system becomes fragmented and people get left behind. Maybe you are the main caretaker of an elderly relative, so you can’t leave them behind, but if they follow you then they lose the rest of their network.
I’m sure there are tons of other reasons but just knowing there’s an imminent threat at some vague point in the future is sometimes not enough for people to willingly go through all of the suffering that I mentioned above, and more that I’m not metioning
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> For one, if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost, or trying to pass it off to another sucker which just feels unethical.
every day you wait this gets worse and I am not sure what is unethical about selling a home. many people have to move (e.g. for work) but if it would put you mind at ease (ethically speaking) you can put a disclaimer on the listing. of course you also have an entire political party followers who believe all this is a hoax so you can put that on the listing too /s (last sentence)
Systemically, the problem is that there needs to be a last person, and yet people leaving expect market value for their homes which normally happens by selling to the next person. The last person can currently only get the money if a disaster strikes and insurance pays out. To do it ahead of schedule, insurance would have to pay out sooner, which means there would have to be some kind of government intervention to make it happen.