Bureaucracy is, among other things, Someone Else's Moat. As in, Title Search and... | Hacker News

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		csours on July 2, 2024 \| parent \| context \| favorite \| on: Working Title (Insurance) Bureaucracy is, among other things, Someone Else's Moat. As in, Title Search and Title Insurance could be treated as a Public Good and administered by a government entity (shock, horror!). But people are making a lot of money off of it, so there is a bureaucratic moat.

travoc on July 2, 2024 [–]

One of the reasons the title insurance market exists is because governments can’t even reliably record title events in a timely manner. Putting them in charge of risk management would only make it worse.

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