Almost all of the floods in Australia are predicable and preventable. I have always assumed that no government was investing in this because they were greedy and didn't give a shit. Now they are buying back land it all makes sense.
Natural flood plains should have never been available for property development. For starters, the prospectus should have acknowledged this (a cycle that happens every ten years) and should have informed customers undertaking a mortgage that they could not get home and contents insurance.
Like you said it all makes sense, just another scam.
[ + ] AnmanIndustries
[ - ] AnmanIndustries 4 points 2.5 yearsOct 28, 2022 02:39:48 ago (+4/-0)
[ + ] UncleDoug
[ - ] UncleDoug 2 points 2.5 yearsOct 28, 2022 03:30:01 ago (+2/-0)
Natural flood plains should have never been available for property development. For starters, the prospectus should have acknowledged this (a cycle that happens every ten years) and should have informed customers undertaking a mortgage that they could not get home and contents insurance.
Like you said it all makes sense, just another scam.
[ + ] totes_magotes
[ - ] totes_magotes 0 points 2.5 yearsOct 28, 2022 07:18:14 ago (+0/-0)
Of course not because dumbasses are dumbasses.
[ + ] Redhairin
[ - ] Redhairin 2 points 2.5 yearsOct 28, 2022 02:38:04 ago (+2/-0)
[ + ] Prairie
[ - ] Prairie 1 point 2.5 yearsOct 28, 2022 05:31:32 ago (+1/-0)
Who would bother with flood insurance after this? Just a waste of money.
[ + ] Glowbright
[ - ] Glowbright 0 points 2.5 yearsOct 28, 2022 10:46:36 ago (+0/-0)
[ + ] NedsHead
[ - ] NedsHead 0 points 2.5 yearsOct 28, 2022 06:57:01 ago (+0/-0)
[ + ] NedsHead
[ - ] NedsHead 0 points 2.5 yearsOct 28, 2022 06:54:33 ago (+0/-0)
They should have called the covid vaccine a "flu buyback" then they would have had 100% participation rate