Why would state buy these, how is this any different than say a house in your neighborhood catching fire and needing rebuilt by insurance?
Imo even if they couldn't rebuild bc of some act of God clause in the insurance, I'd at least want the land, esp in Hawaii it seems like the most valuable part
Why would state buy these, how is this any different than say a house in your neighborhood catching fire and needing rebuilt by insurance?
Imo even if they couldn't rebuild bc of some act of God clause in the insurance, I'd at least want the land, esp in Hawaii it seems like the most valuable part
Insurance costs don’t matter when it’s tax payer money.
I'm saying from POV of me as property owner.
If my house burned down, even if ins wouldn't cover it, I'd want the land. I think most people would. The value esp on an island is in the land.
So why would GOV step in and buy it? Why would I sell it to them?