Science
Researchers reveal that homes in floodplains are overvalued by nearly $44 billion – Phys.org
Buyer beware: single-family homes in floodplains—almost 4 million U.S. homes—are overvalued by nearly $44 billion collectively or $11,526 per house on average,…
Buyer beware: single-family homes in floodplainsalmost 4 million U.S. homesare overvalued by nearly $44 billion collectively or $11,526 per house on average, according to a new Stanford University-led study. The study, published in Proceedings of the National Academies of Science, suggests that unaware buyers and inadequate disclosure laws drive up financial risks that could destabilize the real estate market. The threat is likely to grow as climate change drives more frequent extreme weather.
“The…
-
General15 hours agoAlleged Croydon Park gunman Artemios Mintzas charged with 25 offences
-
Noosa News22 hours agoPrime Minister Anthony Albanese calls for political temperature to be ‘turned down’ after alleged death threat
-
Noosa News21 hours agoYork family honours late son with tractor museum to fund cancer research
-
General20 hours agoTeam Australia wins back-to-back Motocross of Nations titles