I know I said it, but you’re focusing too much on my one-in-a-million comment, as if I was saying what you described isn’t happening. I know wealth consolidation is happening.
My point was that unlike the downturn, recession, busts, that cause what your describing, THIS type of climate related weather event is just going to keep happening to that same location. And that it’s better to help the poor that are impacted relocate where they won’t get hammered by the next hurricane.
And if the rich want to swoop in and build on that land that is now legit worthless they are welcome to. I believe they will regret it when Nature strikes again. They can’t gentrify against nature. And all their value will be wiped out each time.