
Why Morazan Doesn’t Panic about Hurricanes
This week's Morazan Monday is about how, thanks to market incentives, Morazán residents are not panicking about the potential hurricane heading our way!
— Alex Ugorji (@AlexUgorji_) October 16, 2024pic.twitter.com/1bqC2SCNWM
Most people will say that government can fix the problem with stricter zoning/building codes and more infrastructure investments
— Alex Ugorji (@AlexUgorji_) October 16, 2024
The problem is these "solutions" are costly!🫰
They slow building down, increase construction cost, and lead to taxes hikespic.twitter.com/ykiCnQ6eqr
This stands in stark contrast to traditional builder/developers who have a perverse incentive to cut corners to save money.
— Alex Ugorji (@AlexUgorji_) October 16, 2024
This is because once a builder/developer sells a house, the house's becomes the buyer's problem, including any damage that may come with a flood…pic.twitter.com/5BYLtnLtNn
That's not to say Morazan's developer is perfect. Sometimes roofs leak or pumps break
— Alex Ugorji (@AlexUgorji_) October 16, 2024
But thanks to his incentives- and record- residents are confident that their problems will be quickly fixed
No wonder Morazan is able to fill houses as quickly as it can build them!pic.twitter.com/dCnuewmIwi