Anonymous
Anonymous asked in Politics & GovernmentPolitics · 2 months ago

Why are banks and insurance companies financing and underwriting the construction of condos on Miami Beach if it's sinking?

5 Answers

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  • Ro
    Lv 7
    2 months ago
    Favorite Answer

    Short answer.... the climate Hoax isn't real

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  • 2 months ago

    Developers have to get building permits. If the land is sinking, permits would not be issued.

    • Luis Miguel2 months agoReport

      So that means that they are not sinking. Thanks.

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  • 2 months ago

    Miami Beach and neighbouring areas are already installing pumps and and raising buildings due to the flooding that's being brought about by sea level rise. Honestly, you climate change deniers are idiots.

    • Luis Miguel2 months agoReport

      Banks and insurance companies base their investments on risk long-term and short-term. So your whole premise is crap.

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  • Anonymous
    2 months ago

    If they are financing and underwriting the construction of condos on Miami Beach, which I doubt, they do it because they think they can make money from the investment.

    We can buy life insurance from those insurance companies and there is a 100% chance that we die, or are you suggesting that death does not exists either?

    EDIT:

    "Banks and insurance companies consider risk as part of their investment. So there must be little risk of flooding."

    So likewise there is little chance of death?

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  • Anonymous
    2 months ago

    Because they are well aware that the climate change is a hoax being used for political reasons. Don't expect too many answers from liberals.

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