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I think it's already happening in New Orleans. At least that was the impression I got when visiting. I think it can be difficult to insure a business or home affordably in the area. Seemed like a lot of storefronts were just empty. Perhaps I just went at a bad time of year (late nov).

> Seemed like a lot of storefronts were just empty.

This is just normal everywhere in 2022 :)

lol, true!

What year did you go? If it was last year then New Orleans was still recovering from Ida.

Yeah it was. I wonder if I went back now if it'd be in full swing.

In a sense this is the market answer to the problem of incentivizing people to live in less risky areas. This is going to become increasingly important around the world, as assuming sea level rise there are many low-lying areas that will have increasingly untenable risk of flooding.

Now imagine the economic hit when all the trillions of CA real estate investments drop like it is 1929? That may as well be an asteroid hitting the global financial world.