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[–] 49 points 8 months ago (6 children)

Whenever you want a view that's closest to the "truth", look at what the insurance rates are like. Insurance companies' whole business hinges on turning objective reality into money.

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  • [–] 2 points 8 months ago (5 children)

    Which is why honestly I think we should start betting on everything. The biggest problem is centralized bookies who can't allow bets the government doesn't like.

    All of the worst, most evil applications of this are already legal for the rich. p2p betting would only help the poor.

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  • [–] 4 points 8 months ago (2 children)

    You're basically describing prediction markets, which do exist on p2p blockchains and work in basically this way.

    They're pretty good, but unfortunately what they measure is kind of a hybrid mix of expert opinion and general sentiment. There are people who put money into prediction markets because they have inside knowledge, but there are also people who bet there based on vibes and hope. Whereas insurance companies tend to have fewer outright gamblers working as actuarial analysts.

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  • [–] 19 points 8 months ago (1 child)

    The federal government will be subsidizing Florida homeowners soon enough. Florida is politically important and it's is everyone's god-given right to move to somewhere warm when they retire and have their homes rebuilt at no cost to them every 5 years.

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  • [–] 8 points 8 months ago (1 child)

    Have they tried selling them to Aquaman, Storm, and other comic book heroes not known for their real estate investment strategy acumen?

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  • [–] 5 points 8 months ago
    [–] 5 points 8 months ago (1 child)

    was it supposed to say "homes that can't get insured anymore" ?

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  • [–] 16 points 8 months ago (9 children)

    Homes that are fucking made of paper, wood and polystyrene do not help either

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  • [–] 8 points 8 months ago (2 children)

    I have heard essentially one arguments for this so far: Anything will be blown away anyway, so why bother spending more money for a concrete structure?

    To which I like to ask what the shelters are made of. Hmmm...

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  • [–] -3 points 8 months ago (4 children)

    Homes are built with the materials that are readily available in the local area.

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  • [–] 6 points 8 months ago* (3 children)

    Yeah...but you can also make bricks, like, that would be a good argument if we were in any year before 1900, right now they mass produce 5nm CPUs in large scale and distribute them all over the world, but USA can't produce bricks to use for houses...

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  • [–] 1 point 8 months ago

    I agree that they should use something sturdier. But do note that bricks won't survive entirely either. Brick walls can withstand the wind itself, but won't do well against large chunks of debree flying into them at significant speeds.

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  • [–] -2 points 8 months ago (1 child)

    you can also make bricks

    Absolutely correct.

    that would be a good argument if we were in any year before 1900 2100

    Fixed it for you

    USA can't produce bricks to use for houses...

    What? Why the fuck not?? Has clay and shale become scheduled substances?

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    [–] 3 points 8 months ago (2 children)

    Hey it's not just Florida. Tornado Alley is also seeing massive insurance hikes.

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  • [–] 2 points 8 months ago

    Isn’t there something a bit too literal about this meme?

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  • [–] 2 points 8 months ago

    Seeing as some mortgages require insurance, this is gonna hit a little hard.

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  • [–] 4 points 8 months ago

    My slop detector is beeping

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