8/13/2023 0 Comments Redfin flood factor![]() ![]() We are a sociologist and a geographer at Rice University who study environmental hazards and recovery. These are the other unknowns of hurricane season and, with them, America’s rising flood risk more generally. That is not the government’s central concern – nor is the risk level at which different homeowners participate or how that might vary across the nation’s racially segregated housing markets. What officials do not assess is where departing homeowners move, or if those moves actually reduce the homeowner’s future risks. It is managed in the sense that government officials use cost-benefit formulas to determine where it makes the most financial sense to spend taxpayer money to tear down at-risk homes. Officials call it “retreat” because the aim is to pull property back from areas of growing risk, whether that risk comes from major hurricanes, rising seas, heavy inland rains or other climate hazards. The owner of this home, which was demolished after being damaged by flooding in Mosby, Mo., accepted a $45,000 buyout and moved to a nearby community. And some will go to buy and demolish flooded homes through a policy known as managed retreat. Some will go to rebuild public infrastructure, like roads and levees. ![]() Some of that money will go immediately to help people in need. ![]() soil will trigger presidential declarations of disaster, bringing large sums of taxpayer money to affected communities. If recent history is a guide, those that hit U.S. This 2023 Atlantic hurricane season, forecasters predict 12 to 17 storms will make the official alphabetized list of named events, with three to five of those becoming major hurricanes. “I wanted to keep my grandma’s place in the family, but I don’t know how much longer I can stay. “My other house wasn’t supposed to flood, and now insurance costs are going through the roof it’s bad,” he told us. It felt good to be back within its familiar walls, but his mind was on the future. He sold his flooded home, purchased his grandmother’s former house on New Orleans’ west bank, which hadn’t flooded, and moved in. After Hurricane Ida hit New Orleans in 2021, Kirt Talamo, a fourth-generation Louisianan, decided it was time to go. ![]()
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