And even if it did, do the morons burning and looting their own towns not understand that when the insurance check shows up, the property owner sure as hell isn't going to rebuild what they burned down, he's building somewhere else where moron dems don't tell the cops to stand back and watch the looting. "Newark, 1968 - coming to a town near you!"
Retail tends to have very low profit margins, maybe a couple percent. It's going to take a LONG time to earn back the losses, assuming they reopen at all. If your business is going to get looted every few years, there's no point opening at all.
Couple percent is a pretty good average if you're looking at large retailers (like walmart's overall sales) - those margins get even slimmer if you're talking about regional chains or high-volume stores (like how amazon often runs on sub-1% margins). Even a very liberal estimate of 5% isn't lucrative enough to take the risk of being in an "impoverished" area of town.
Even if it did, this would cause premiums to get jacked up.
And even if it did, do the morons burning and looting their own towns not understand that when the insurance check shows up, the property owner sure as hell isn't going to rebuild what they burned down, he's building somewhere else where moron dems don't tell the cops to stand back and watch the looting. "Newark, 1968 - coming to a town near you!"
Retail tends to have very low profit margins, maybe a couple percent. It's going to take a LONG time to earn back the losses, assuming they reopen at all. If your business is going to get looted every few years, there's no point opening at all.
Couple percent is a pretty good average if you're looking at large retailers (like walmart's overall sales) - those margins get even slimmer if you're talking about regional chains or high-volume stores (like how amazon often runs on sub-1% margins). Even a very liberal estimate of 5% isn't lucrative enough to take the risk of being in an "impoverished" area of town.
Or be "uninsurable"
Especially after the events of these last couple months.