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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (1141207)6/12/2019 1:10:13 PM
From: i-node  Read Replies (1) of 1578136
 
"While they found that prices generally increased, even in neighborhoods with recurrent flooding, property values in areas with nuisance flooding were rising much more slowly. That difference accounts for their total estimated loss in value."

So, let me understand. Property values are rising, but neighborhoods that flood with regularity have lower values?

Do you think that can only be explained by climate change? Or could it be because their houses get underwater when it rains really hard? For example, because too many people are crammed into smaller and smaller spaces, property that floods seems more like an acceptable risk to buyers, at a lower price?

This is the silly sort of nonscientific bullshit people need to stay far, far away from.
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