The US is getting flooded. A lot. And the price for flood insurance is going up. Paradoxically, that may be a good thing. Flood insurances are subsidiced, and the price of the insurance is not based on the price of the house. In other words, rich folks benefit a lot from the subsidies. Just like those beautiful Miami beaches are always gonna be taken care of by the government. Also, it is just a terrible use of resources. Crappy houses are rebuilt again and again. And dams galore.
For attribution, please cite this work as
Barg (2021, March 7). Julian Barg: US flood risk. Retrieved from https://www.jbarg.net/posts/2021-03-07-us-flood-risk/
BibTeX citation
@misc{barg2021us,
author = {Barg, Julian},
title = {Julian Barg: US flood risk},
url = {https://www.jbarg.net/posts/2021-03-07-us-flood-risk/},
year = {2021}
}