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by sandworm101 19 days ago
Unless you short the property. Essentially, sell it now on the bet that it will drop in value later. Then it burns down and you repurchase the vacant lot and return the property to the original owner.

Evil, but most everything in real estate is evil.

1 comments

And that's exactly the problem with Polymarket and such, it gives an incentive to be destructive because that's easy. Entropy is easy.

With an insurance this trick won't work, because the insurance company will notice what you are doing. Polymarket doesn't care.

> With an insurance this trick won't work, because the insurance company will notice what you are doing

This has worked well millions of times (and occasionally failed too with people ending in prison or with huge fines). Where I can agree however is that Polymarket makes that much easier.

I don't think any corporation "cares" about social issues, but, fwiw, polymarket isn't as ok with it as you imply. Polymarket reportedly detected the suspicious behavior, reported it, then worked with investigators to nab Gannon Ken Van Dyke.