Even a public insurance system wouldn’t be able to cope with bad urban planning.
Public health insurance is cheaper than private.
Home insurance on the other hand the Gov wouldn’t be able to cope with, but just like how high medical costs are the result of private industry, so are high home costs.
If the building of housing was organized as a government service then the costs would be lower/realistic and then a public insurance system would be viable.
If you build houses in a way that maximises combustible area per capita in an area prone to wild fires there’s no amount of resources that will make it sustainable.
You can see a parallel in healthcare by looking at how European governments tax unhealthy food not to get more revenue but to prevent healthcare costs from ballooning.
But good luck getting Americans to abandon suburbs.
