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 […]
Tag Archives: real estate
Floridians: You’re At Risk of Flooding
Posted in Environment, Finance, Global Warming, Government, Science
Also tagged climate change, FEMA, flood insurance, flood plain, flooding, Florida
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The Economic Monsters: Inflation and Interest Rates
Economist Economic Forecast = Inflation (2018) Inflation Bites (2022) U.S. Mass Consumption Results in Global Economic Disparity, Inequity, and Poverty (2023) Investment Recommendation: Savings Bonds / I Bonds (2023) Your National Debt (2023) Economic Facts on Immigration, Budget Deficits and Inflation (2024) The Federal Reserve and the Chevron Decision (2024) Drill, Baby, Drill: The Existential […]
Posted in Business, Education, Finance, Government, Politics
Also tagged currency exchange rate, debt, Federal Reserve Balanace Sheet, hyper-inflation, inflation, interest rates, investments, money, tariffs, trade protectionism, Trump, wages
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Sea Level Rise and Property Values
“Disaster on the Horizon: The Price Effect of Sea Level Rise” Asaf Bernstein, Matthew Gustafson, and Ryan Lewis. Sea level rise coming home, the market is paying attention (Halleluia! who woulda thunk it. The real estate market, especially on the coasts is a wretched hive of villainy)) The first sentence of the abstract is “Homes […]
Posted in Environment, Global Warming, Science
Also tagged flood insurance, homes, housing, rising sea level, sea level rise, water
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Climate Change And Credit
by Daniel Brouse Part of a series of articles on Climate Change And Flood Insurance Homeowners living in flood plain have learned the hard way that climate change has effected their ability to get a mortgage. As the sea level rises and extreme weather events intensify, homeowners have found their insurance rates increasing or their […]
Posted in Business, Environment, Global Warming, Government, Law, Science
Also tagged climate change, credit, extreme weather events, flood insurance, rising sea level, sea level rise
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Real Estate and the Rising Sea Level
by Daniel Brouse “Living near the water is incredibly appealing for people around the country, but it also comes with additional considerations for buyers and homeowners,” Zillow chief economist Svenja Gudell wrote in a new report. “Homes in low-lying areas are also more susceptible to storm flooding and these risks could be realized on a […]
Posted in Environment, Finance, Global Warming, Law, Science
Also tagged climate change, flood insurance, flooding, floods
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Flood Insurance and Rising Sea Levels
by Daniel Brouse Q: Who pays for flood insurance? A: The United States government, FEMA, covers losses for people that pay flood insurance premiums. Q: Does your homeowners insurance policy cover you in the event of flooding? A: No. Flood insurance coverage is very limited. For instance, basements and belonging in a basement are not […]
Posted in Business, Environment, Finance, Global Warming, Government, Law, weather
Also tagged climate change, flood insurance, flooding, houses, sea level rising
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