NIMBY insurance

Courtesy AustinContrarian  Wed, 03/04/2009 - 5:42pm

Ryan Avent suggests, in response to a fierce battle over a DC neighborhood plan, that neighborhoods be offered NIMBY insurance:

[I]s there a market for NIMBY insurance?

That is, I’d love to collect tiny premiums from residents looking at potential development near their homes, in exchange for which I’d take responsibility for the change in value of their home relative to homes outside of the directly affected area.

If their property does poorly relative to other...



 

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