Oddbean

@432f6e91 @3967703f There is no way to insure against a sure thing. The companies cannot provide home insurance given the climate crisis. In CA we are offered earthquake insurance. It is expensive. The deductible is enormous. The maximum payout is not much bigger than the deductible. It's such a bad deal because there will be an earthquake sooner or later. With the climate crisis the homes will be wrecked, sooner or later. They cannot offer good policies when it's a sure thing

@432f6e91 @3967703f I think very few. What is a flood zone anyway? When "500 year floods" now happen every few years, most of us are in flood zones. A buyer who signed 30 years ago may have made what was a good decision then but now...

@3967703f @432f6e91 I lived in a house 25 years ago that bordered a stream. I used to catch trout and sunfish in the stream. It snowed a foot one day then rained that night. The next morning the stream that could be stepped across in 2 steps was 100 feet across and moving at 20-30 mph. A bit higher and homes would have been lost. That kind of thing is happening all the time now.

@432f6e91 @904855ee @3967703f whew! That was a big factor for me since my city is low and right on an ocean-connected river… many good prices house with a medium to high flood factor minuses out of my options

@432f6e91 @3967703f We checked out the floodplain maps when buying our home 15 years ago, but… things have changed since then. As @904855ee says, places that used to me in the “one flood every 500 years” might have one every 50… or every 5 as things get worse.