The AP article Flood buyout costs rise as storms intensify, seas surge reports: “‘… nearly half of the homeowners in Mosby signed up in 2016 for a program in which the government would buy and then demolish their properties rather than paying to rebuild them over and over. They’re still waiting for offers, joining thousands […]
Tag Archives: real estate
Flood Buyouts, Savings and Climate Change
Posted in Environment, Global Warming, Science
Also tagged climate change, extreme weather events, flood insurance, rising sea level, sea level rise
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Climate Ignorance and Insane Real Estate Deals
An article in Splinter urges Sell Your Florida Property Now. “We all know, in a theoretical way, that climate change is going to turn the state of Florida into a narrow peninsula of watery broken dreams. But I bet you are not scared enough!” In a Bloomberg article, Lenders Scolded for Climate Ignorance in ‘Insane’ […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, property values, sea level rise
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Climate Change: Suspension Of Belief
by Daniel Brouse In the 1990’s, a team of real estate professionals, property management specialists, and climate change scientists starting working on a plan to mitigate the effects of global warming on residential real estate. There are two major problems with developing a plan: 1) Unintended Consequences The impact of climate change is wide reaching […]
Posted in Agriculture, children, Education, Energy, Environment, Global Warming, health and wellness, Science
Also tagged climate change, flood insurance, property values, sea level rise
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Avoiding Racial Bias
Sidd said: This has relevance to the unified real estate database we are talking about and to a lot of other things. Quite high level, but it illustrates why, for example, chicago was sending black people to jail alla time, but not white folk. https://boingboing.net/2016/05/24/algorithmic-risk-assessment-h.html here is a some detail with programming on how to […]
Underestimated Flood Risk
https://eos.org/opinions/millions-more-americans-face-flood-risks-than-previously-thought text follows: Millions More Americans Face Flood Risks Than Previously Thought A different modeling approach fills large gaps in the U.S. governmentâ??s flood risk estimates, revealing previously overlooked at-risk areas often surrounding small flood-prone streams. A Spring Lake, N.C., resident is carried from her flooded home on 17 September 2018, in the aftermath of […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, flooding, floods, rising sea level, sea level rise
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Rising Seas and Declining Infrastructure
Miami’s Other Water Problem — If a coastal neighborhood will have to be abandoned anyway, is it worth spending money on new sewers? “People will hang on with their fingernails to keep what they’ve got,” Stoddard says. “But who’s going to move here? And that’s what’s going to kill us.” — Read the whole thing. […]
Posted in Environment, Global Warming
Also tagged climate change, flood insurance, rising sea level, sea level rise
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Flood Risk and Real Estate Values
The risk of floods increasing do to human induced climate change is affecting real estate values. Though the risk is increasing in all flood zones, coastal areas are already feeling the pain. Most homeowner’s don’t know about flood insurance until they need it. Then, it is too late. Bloomberg News reports: Recent research confirms that […]
Posted in Education, Environment, Global Warming, weather
Also tagged climate change, flood insurance, rising sea levels, sea level rise
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When Your Property Goes Underwater
The right to the free flow of water has long maintained “public right-of-way easements” in the United States. In general, if a waterway is navigable, it is a public right-of-way; however, the results of climate change and rising sea levels have turned people’s private property into navigable waterways. An article in Bloomberg entitled The Fighting […]
Posted in Environment, Global Warming, Science, weather
Also tagged climate change, flooding, property values, public right of way easements, rising sea levels
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Rising Flood Frequency
The Journal Nature published an article entitled “Attack of the extreme floods: As the oceans rise, researchers aim to forecast where severe storms will trigger the worst flooding.” “the height of what constitutes a 50-year flood event has risen by more than 10 centimeters per decade in some places” “A rule of thumb holds that […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, rising sea levels
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Floridians: You’re At Risk of Flooding
If you purchase real estate in a flood plain and obtain a mortgage, you will be required to purchase flood insurance. Roy Wright oversees the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program. In a presentation to the Insurance-& Risk-Linked Securities Conference, Wright said to forget about checking the flood plain maps and check […]
Posted in Environment, Finance, Global Warming, Government, Science
Also tagged climate change, FEMA, flood insurance, flood plain, flooding, Florida
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