(and that is where policy really matters. In some disasters, the cavalry arrives and offsets those transitional housing costs or provides assistance to help homeowners float their mortgages until insurance settlements. In others, the cavalry never arrives.)

It depends. In some instances having a mortgage (which you continue to pay) can become a financial anchor that really complicates recovery because of an inability to pay that + transitional housing costs. So we find mortgages positively associated with long-term displacement, in some disasters.

Though ironically a lot of people with paid off mortgages (including those in generationally owned homes) drop their insurance coverage.

In the floodplain management world there is a really common communication phrase about there being a 25% chance of a 100-year flood during the life of a 30-year mortgage. Not sure how effective it has been but we keep saying it.

It is not about making it better or worse, but helpful to understand risk probabilities in terms that people understand. Having a mortgage or not certainly connects with vulnerability though.

(compound probabilities add up differently, my limited math brain reasons)

Yeah, that is even a less fun fact

For the same reason that the chance of a 100-year flood in 100 years isn't 100%

We hope the findings will inform recovery policy conversations and help financial organizations to design new supports for communities. If you know folks who might share our study invitation, could you DM me? As always we will compensate participants and share our study results far-and-wide.

The answer if fairly straightforward? Because that is what the NFIP and associated FIRMs map and require regulation to? With some leading edge places going out to .2% annual chance?

These are great but yes probably behind her. She scarfed down princess in black last year.

I’m honestly more annoyed at schools and events, it’s like a constant stream of disposable junk