Go figure! Home prices soar in disaster prone areas of America!

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Malaria_Kidd II
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Go figure! Home prices soar in disaster prone areas of America!

Post by Malaria_Kidd II » 09-21-2017 05:20 PM

I bring up this topic to family and friends saying property and home prices never get cheaper but rise at a normal pace (maybe not so normal :confused: ) right after any US natural disaster. No doubt realtor$ talking to prospective buyers make this note, "We just had one of those hundred year storms. Don't worry." :wink:

From The Drudge Report........Bloomberg News for credit.

It’s been a bad few weeks for natural disasters. A series of hurricanes ripped through Texas, Florida, and the Caribbean, killing hundreds and racking up hundreds of billions of dollars in damage. Wildfires are raging in the Western U.S., and a pair of powerful earthquakes have battered Mexico.

Amid the terrifying recent events is a worrisome finding from a new report: The parts of the U.S. most at risk of natural disasters are also the places where property values are highest and increasing most quickly!

Contd more weird news on that surprise today, 9/21/2017! :o

https://www.bloomberg.com/news/articles ... rone-areas

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