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Likely - you can probably get a decent idea of how vulnerable to climate change or other disasters just by looking at insurance costs both for homeowners and po
by fencepost 5y ago
Likely - you can probably get a decent idea of how vulnerable to climate change or other disasters just by looking at insurance costs both for homeowners and possibly for mortgages.
Higher risk areas should already be showing signs of increased cost, because risk doesn't change overnight. A hundred year flood isn't one that happens every hundred years - it's one that should have a 1% chance of happening in any given year. The biggest issue with that is whether the flood maps (https://www.fema.gov/flood-maps https://www.fema.gov/flood-maps) used for pricing are based only on historical data or if they account for climate change.
- pyuser583 5y agoI just got done buying a house. Waterfront (vulnerability to flooding) real estate is worth a lot. Everyone wants to live by by the water. We had a once in a 1000 year flood two years ago. It changed nothing.