Depressions end, and positions shift. I believe Biden - or rather those who hold the old criminal's strings - are deliberately sabotaging the US economy in order to shuffle the deck so to say, so that China emerges as the predominant economic power.
More California implosion
- Thread starter anonymoose
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Depressions end, and positions shift. I believe Biden - or rather those who hold the old criminal's strings - are deliberately sabotaging the US economy in order to shuffle the deck so to say, so that China emerges as the predominant economic power.
Exactly. Insurance in Florida may increase in cost, but insurance is available.
Into the Night
Verified User
It is true. Price controls are implemented by government.
Into the Night
Verified User
Depressions end, but not until the conditions for economic activity can be restored. Yes...that means capitalism. Yes, Biden is trying to support China over the U.S.
China just doesn't have the resources the States do. They are currently in dire economic strain...caused by their government inflating their currency and cutting off services. Instead, the Chinese government is trying to build it's way out of it's difficulties with various 'mega projects' such as whole cities with no one to live in them, dams that are shoddily built (and will eventually collapse, ruining all downstream), etc. Remember the Chinese government OWNS the concrete and steel industries.
It seems quite likely that China will soon return to revolution after revolution, which is most of it's history.
T. A. Gardner
Serial Thread Killer
Well, it could be worse. FEMA underwrites all flood insurance in the US now, and has for decades. After Katrina and the losses FEMA suffered from that fiasco, they colluded with the USGS to increase the size of flood plains across the US in order to force more home and property owners into buying flood insurance even though their risk of being flooded was near or at zero. This created a new pool of customers buying flood insurance policies they didn't really need that gave FEMA a low risk pool of customers paying money in to cover losses on high risk customers.
Into the Night
Verified User
I think you misunderstood my post.
Perhaps you are confusing what is being discussed here, which is California and it's insurance problems. You can't get the insurance at all. Price controls stop insurance companies from making a profit. Instead of insuring high risk housing in wildfire prone California (most of which is started by arson anyway) and being unable to charge an appropriate premium to cover the risk, insurance companies simply leave. No insurance due to price controls.
Not the problem in Florida, where you CAN get insurance even in hurricane prone areas, because there are no price controls.
Price controls are implemented by government.
You and I both agree that price controls never work.
Into the Night
Verified User
Don't you just love scams like this?
FFS! I started the thread!
Isn't government great.
Gondwanaland
Verified User
There is ZERO evidence that storms are becoming more massive of frequent due to global warming, you lying cunt
ExpressLane
Verified User
Texas is attracting tens of thousands of Californians every year.
PostmodernProphet
fully immersed in faith..
really?......which insurance companies have decided not to insure in those states?.....
PostmodernProphet
fully immersed in faith..
if the price goes down will the risk protections go away?......
Yea, we can’t throw a rock without hitting a Californian or Texan around here. Locals have been priced out of the real estate market. A house that sold for $112,000 in 2018 just sold for $559,000 this week. Crazy … No one here can afford that. I feel badly for kids trying to get a starter home.
In\deed.
cawacko
Well-known member
Wow!
NIMBYism is a scourge and seemingly one of the few bi-partisan things remaining.
You have hypocritical right-wingers who profess to support the free market but are NIMBYs when it comes to their area.
Then have hypocritical liberals who claim to want change and say they support minorities and the working class but (especially in California) fight almost all new development which causes prices to rise.
(We’ve done some investments in Texas, and my in-laws live there - so I’m somewhat familiar with the state and it is almost night and day different in this regard. It is extremely difficult and expensive to build in California. Texas is certainly not perfect but they make it way easier which allows for supply to keep up with demand. Texas is having issues in that regard of their own but they are able to keep prices more ‘affordable’ because they allow the market to work much better.)
Edit: the point of all that is when we don’t let supply keep up with demand it drives prices up like you’re seeing. It’s great if you own your home from a value perspective but it 1) hurts young potential buyers and makes our overall economy less dynamic as it’s harder for people to move
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Into the Night
Verified User
Yet you show confusion on my post which was responding to your post.
Into the Night
Verified User
An interesting question.
If the price goes down, they payout for a claim will be correspondingly less, so they just might be able to charge a profitable premium despite price controls.
Into the Night
Verified User
Throw the rocks at the Californians. If you throw a rock at a Texan, he'll throw a rock back. If you throw a rock at a Californian, all you get is, "WAAAAAAH!". Maybe they'll even leave (as soon as they charge their Tesla).