Americans Are Paying $34 Billion Too Much for Houses in Flood Plains
Bloomberg, Mar. 2, 2020–Eric Rostok
At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion, according to new research published in a National Bureau of Economic Research working paper.
https://www.bloomberg.com/news/articles/2020-03-02/americans-are-paying-34-billion-too-much-for-houses-in-floodplains?srnd=premium