Economics

I’ve been wondering if Florida already does a variation of this.

I have a friend who retired to Florida and I asked him about that. His answer was that they should be ok for the couple decades of his remaining average life expectancy and he has no one to leave an inheritance for. He has to reason to care about his home holding value, nor whether it stays dry long term as long as it’s dry for him. I guess not really denial but calculated self-interest.

So is this just my friend or is this common? It would fit with the all too common attitude of not caring about building a better future. This is where an effective functional government would step in with the long term perspective but we can’t expect that