Comment by danielmarkbruce
14 hours ago
Can't think for yourself? This is econ 101. People will try to drive down the cost by:
1) Buying/building smaller houses that cost less to insure. 2) Building using different materials which are less prone to burn. 3) Moving to areas less prone to fires/hurricanes etc 4) Voting for representatives who take this more seriously and install better infrastructure to fight fires/floods.
These are all good ideas which haven't been put in place already because the government has distorted the insurance market so badly people aren't getting the right price signals.
> "The government needs to just stay out of it."
0) Elect people who claim they can make the voters' existing lifestyle affordable.
I agree that sometimes nothing or not very much is the best thing for the government to do, but a crisis is a very bad time to say that, because the other side will just claim they will fix things.
After all, deflation is not good, but claiming that you will bring down grocery prices does seem effective.
Sure - "politics is a tough game" is absolutely true.