Hurricane Helena devastation in NC!

[Zoe]

Some probably had flood insurance. Some did not.

 

[Zoe]

Federal and state assistance for infrastructure. Otherwise why buy insurance for homeowners.

Well some knew they were in a flood zone and didn't buy on purpose. Some were not a recognized special flood hazard area and lost everything.

Let's just imagine losses to the banks that have mortgages on some of these properties and insurance companies that have policies on some of these properties. .

 

[Zoe]

I think bank requires flood insurance if it is a special flood hazard area in order to make the loan on the real property.

 

[Fernando]

Southeast will now be more acceptable to immigrants. They need all the workers they can get to rebuild.
In Australia in small town Cairns, a big department store wanted to build a store there. The town lacked workers. Would have taken 2 years to build.
So the company sent it's own workers to that town to quickly build.

 

[Zoe]

Okay, the guy that was self insured in the area that hurricane owned his business. Likely had no mortgage on his home. He was in Kayak floating in 4 ft of water in his house.

See how complicated it is?

That guy was like I can rebuild. He was right on the coast on the Gulf of Mexico where Helene hit.

 

[Fernando]

Okay, the guy that was self insured in the area that hurricane owned his business. Likely had no mortgage on his home. He was in Kayak floating in 4 ft of water in his house.

See how complicated it is?

He's self insured. What so complicated?

 

[Fernando]

When Puerto Rico was devasted by a hurricane it took years for them to recover.
When I visited there 3 years after the disaster, they still had issues.
It will take time to "fix" the aftermath of recent hurricane. Hopefully not 3 years.

 

[OSU Beavers]

https://twitter.com/x/status/1842246865234128978

 

[residentialguy]

Douglas Lake rose over 21 feet. As expected, water made its way from the Nolichucky, Pigeon & French Broad Rivers after the insane flooding in the mountain towns. Look at the debris sitting in Douglas Lake now. Trees, propane tanks, people's homes & lives from up in those mountains...and we can only imagine what else. That amount of water "equates to 182 billion gallons, which is enough water to fill Neyland Stadium 661 times." Speechless.

 

[TerryRohrer]

"Of the seven states hit by Helene, 21 percent of the homes in coastal counties had flood insurance, but only 0.8% of the homes located within inland counties had flood insurance."

Inland Hurricane Insurance Coverage Was Ignored Or Maladjusted - Housing Notes

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