Subject: Re: More on Repealing the Laws of Economics
abromber: "The homeowners neither create the risk nor can they abate it except by relocating."

For the Gulf Coast region, where I live, that is not true. There has been a tremendous amount of new development in the coastal areas, which has created hundreds of billions, if not trillions, of new flood and wind risk. I suspect that the same is true for other areas and other risks.