alt Hacker News> 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)
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Yeah. There's a market. If there are enough buyers for the market to function normally, then there are enough people trying to get in that one more house won't make much difference.
I mean, yes, in your seller's disclosures you should tell the truth, including about the flood risk. If people want to take that, eyes wide open, I'm not sure what's unethical about selling to them.
>if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost
but notice people can gain life changing amounts of money by lucking into real estate that soars, but there's no sense of injustice.
if you allow people to take risks and reap the benefits, but shield them from loss, you end up with a subprime mortgage crisis all over again.
if people wanted to be protected from loss they should have to sign up on the front end to risk pool with other people who want to be protected from loss, and together they can protect each other by limiting gains jointly