grte@lemmy.ca to Canada@lemmy.ca · 6 months agoA Quebec lender opted out of mortgages in flood zones. Experts warn it could happen elsewherewww.cbc.caexternal-linkmessage-square8fedilinkarrow-up146arrow-down10
arrow-up146arrow-down1external-linkA Quebec lender opted out of mortgages in flood zones. Experts warn it could happen elsewherewww.cbc.cagrte@lemmy.ca to Canada@lemmy.ca · 6 months agomessage-square8fedilink
minus-squareconquer4@lemmy.worldlinkfedilinkEnglisharrow-up4·6 months agoMeans don’t build, buy, or own a house in a flood zone.
minus-squarexmunk@sh.itjust.workslinkfedilinkarrow-up8·6 months agoI absolutely support financial assistance to help these folks relocate out of flood zones but I’ve seen the perpetual cycle of American flood insurance where flood prone homes are continuously given insurance and mortgages and it’s a terrible waste.
Means don’t build, buy, or own a house in a flood zone.
I absolutely support financial assistance to help these folks relocate out of flood zones but I’ve seen the perpetual cycle of American flood insurance where flood prone homes are continuously given insurance and mortgages and it’s a terrible waste.