When you bring in the concept of affordability, you are basically subsidizing the risk, and you are incentivizing people to build where, truthfully, unless they can afford to do it, they probably should not be building.
Ron Johnson: “When you bring in the concept of affordability, you are basically subsidizing the risk, and you are incentivizing people…”
Editor's note · Context
Warning against subsidizing risk through affordability measures in flood insurance.
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