08-20-2020, 06:35 PM
(08-20-2020, 06:24 PM)fredtoast Wrote: 1.) It is not a shithole at all.
2.) And it is not being destroyed by the riots.
3.) The businesses had more losses due to the pandemic than the riots,
4.) and most of the riot damage will be covered by insurance.
5.) Even the insurance company Mantooth was talking about is committed to returning to their downtown office when this is all over.
1.) It will be now. At least the downtown area. It's going to take a long time to recover.
2.) It's literally being destroyed. Destruction of property to the tune of millions of dollars. Buildings are being burned. Windows broken. Stores looted. If this isn't the textbook definition of destruction then what is?
3.) This is like saying it's ok to punch a cancer patient in the face because most of the damage is done already. It's hard enough for bars and restaurants to survive this, how hard do you think it is for those poor places that occupy businesses downtown?
4.) Deductables will have to be paid. Insurance rates will skyrocket for those businesses. What do you think the deductable is on a 1 million dollar claim for a jewelry store? You think he's going to enjoy the same rates, and that insurances companies aren't for profit businesses?
5.) We'll see. "We are commited to the city of Portland" sounds like PR to me. As of right now, there is no end in sight. Let's see where they end up when this all shakes out.
