How Their House Became Everyone’s Problem

For decades, we were told certain disasters only happen “once every hundred years.” They don’t. Misguided insurance models, political pressure, and moral hazard convinced millions to build homes in places that should never have been developed. This video exposes how bad math, cheap insurance, and government intervention created an illusion of safety and why the real bill is now coming due. Earn a 1% match when you transfer an account to Public.com. Visit https://www.public.com/max for more. Chapters: 01:09 Moral Hazard 01:31 The Business of Home Insurance 02:34 It's a Casino 03:55 Waking Up to the Risk 04:44 The Insurance Companies Get Kicked Out 07:24 Meyerland & The National Flood Insurance Program 09:26 California Burning 12:05 Wealth Transfer Follow Maxinomics on social: X: https://x.com/maxinomics Instagram: https://www.instagram.com/maxinomicsmb TikTok: https://www.tiktok.com/@maxinomics Producer: Phil Andrews (the guy in the videos and the comments) Video Editor: Christie Muldoon Motion Graphics: Seth Laupus Director of Production Services: Sam Wolf Thumbnail: Tom Grillo Franchise Content Producer: Tariq Abdellatif Chief Content Officer: Devin Emery Disclosures: Paid endorsement. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Not investment advice. As of 11/2025. Rate may change. HYCA is a brokerage account from Public Investing, member FINRA/SIPC, not a bank. Funds are deposited with partner banks, earn interest, and may be FDIC insured. Learn more. See terms and conditions of Public’s ACATS & IRA Match Program. Verify AI independently before use.