New Jersey's answer to flooding: buy out and demolish 1200 properties

(insideclimatenews.org)

2 points | by throw0101a 7 hours ago ago

1 comments

  • anovikov 7 hours ago ago

    But this is like stock buybacks right? Reduces supply -> prices go up. Maybe that's the whole point of doing it. NIMBY votes squeezed through a palatably sounding way to funnel taxpayer dollars straight into their pockets.