According to new data from Redfin, more people are choosing to move to disaster-prone areas to enjoy lower housing costs. This is despite the fact that these regions are prone to storms, hurricanes, floods, and other extreme weather events that can inflict immense devastation on the local population.
Those who choose to defy the risk and move to disaster-prone areas do so for personal reasons. Cost is a major factor, with housing costs in more stable areas often too expensive for many. There is also the appeal of the jobs and lifestyles these locations have to offer, a sign of how new types of destinations are starting to become increasingly sought-after.
Key points:
• People are selecting to move to disaster-prone areas to enjoy lower housing costs
• Disaster-prone areas are vulnerable to storms, hurricanes, floods, and other extreme weather events
• Cost is one of the major motivating factors for those who choose to move to disaster-prone areas
• These locations have become attractive for new types of destinations and job opportunities
You can read this full article at: https://www.housingwire.com/articles/housing-markets-with-flood-and-wildfire-risk-are-booming/(subscription required)
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