4 ms·
Losing your house and possibly family members is a poor investment strategy. When you community is wiped up it can take years to rebuild it and it might not rec
by coldcode 4y ago
Losing your house and possibly family members is a poor investment strategy. When you community is wiped up it can take years to rebuild it and it might not recovered entirely at all. You might have no good place to live since everyone is in the same boat in your area; your job might vanish if you were not remotely working (like retail or manufacturing); you might lose your savings before you eventually get some of it back, or might be unable to last that long.
It might be profitable to buy up property from people who are financially destitute and willing to sell at any price and then sell once everything is rebuilt, but that a long term investment. Also if you get multiple disasters at once (Florida was lucky to only be hit by 1 hurricane) you might wind up at the tail end of rebuilding like Puerto Rico and never be able to sell.