Well, when you buy a house in a floodable area, you are taking a risk, I understand some companies don't want to touch that...
this post was submitted on 04 Mar 2024
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Unfortunately, what constitutes a flood zone is a political issue (as well as a real natural issue). The government tried to change the flood zone line, people freaked out due to how that would affect their property values, and the government walked back on the changes.
My point is really that some people buy property that is not in the flood zone when they buy it, and all of a sudden it's within it.
My point is really that some people buy polroperty that is not in the flood zone when they buy it, and all of a sudden itβs within it.
That's weird, it's almost like the climate is changing over time!
And this commenter applauds them. Don't build your house in a fucking flood zone.
Means don't build, buy, or own a house in a flood zone.
I absolutely support financial assistance to help these folks relocate out of flood zones but I've seen the perpetual cycle of American flood insurance where flood prone homes are continuously given insurance and mortgages and it's a terrible waste.
100% agreed. This is the least floody decade for the foreseeable future.
Next you won't be able to insure your house in a hurrica....oh wait.
Insurance companies aren't in the business of paying claims. This makes complete sense and I'd suggest you factor that into your home buying decision.