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More people are moving into than out of disaster prone places.
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4 weeks 18 hours ago #647019
by Mayur Gupta Chittoor
More people are moving into than out of disaster prone places.
As per Redfin, the most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022--a 103% increase from the prior two years, when 189,000 more people moved in than out.
"It's human nature to focus on current benefits, like waterfront views or a low cost of living, over costs that could rack up in the long run, like property damage or a decrease in property value," said Redfin Chief Economist Daryl Fairweather.
Some of the headlines in the recent past were like
- Coastal Florida Is Top Migration Destination Despite Increasing Flood Risk
- People Are Leaving Storm-Prone Louisiana as Insurance Costs Soar
- Inland California, Utah and Arizona See Populations Swell as Fire Risk Grows
- People Flock to Phoenix for Affordability, Stumbling Into Extreme Heat and Drought
As per Redfin, the most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022--a 103% increase from the prior two years, when 189,000 more people moved in than out.
"It's human nature to focus on current benefits, like waterfront views or a low cost of living, over costs that could rack up in the long run, like property damage or a decrease in property value," said Redfin Chief Economist Daryl Fairweather.
Some of the headlines in the recent past were like
- Coastal Florida Is Top Migration Destination Despite Increasing Flood Risk
- People Are Leaving Storm-Prone Louisiana as Insurance Costs Soar
- Inland California, Utah and Arizona See Populations Swell as Fire Risk Grows
- People Flock to Phoenix for Affordability, Stumbling Into Extreme Heat and Drought
4 weeks 18 hours ago #647019
by Mayur Gupta Chittoor