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Top related persons:
David Burt - 2 Burt - 2 who's - 1 they're - 1 Ivy Zelman - 1 Burt doesn't - 1 Michael Lewis - 1 That's - 1
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Georgia Florida New York Lee County , Florida Fort Myers Paris that's Miami
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Service - 2 Business - 2 Federal Emergency Management Agency - 1 FEMA - 1 Wood - 1 Tiffany & Company - 1

Search resuls for: "David Burt"


8 mentions found


☆ Florida residents should flee to these 2 popular states before climate change decimates home values
  + stars: | 2024-08-10 | by ( James Faris | ) www.businessinsider.com   time to read: +6 min
Although steadily rising global temperatures and their effects are increasingly hard to ignore, Burt believes they're not yet factored into property values. Flood insurance costs will skyrocket since they're severely underpriced to climate risk, his research indicates. Related stories"I think that there's a lot of pent-up supply from folks, particularly who are being exposed to these ownership cost increases away from mortgage rates," Burt said. They'll then be prepared to either bear the burden of higher insurance costs, or sell. AdvertisementUnlike Ivy Zelman, who's another analyst with a knack for spying issues in the housing market, Burt doesn't think the Midwest is the best region for beach-dwellers to flee to.
Persons: David Burt, who's, Burt, they're, Ivy Zelman, Burt doesn't Organizations: Service, Business Locations: Georgia, Florida, New York
☆ 'There's a reckoning happening': An underrated risk will crater property values in high-risk markets by up to 60%
  + stars: | 2024-08-09 | by ( James Faris | ) www.businessinsider.com   time to read: +5 min
That's made Burt even more confident about his long-held thesis, which many property owners are ignoring. For example, flood insurance costs in coastal cities could rise from $5,000 per year to $15,000 under the updated national flood insurance pricing set by the Federal Emergency Management Agency (FEMA), Burt said. And that's assuming flood risk doesn't continue to rise over time, which Burt believes is unlikely. That would be disastrous for all property owners in those markets, even those not trying to sell. Homeowners in cities most vulnerable to the effects of climate change should be sweating, if they aren't already.
Persons: David Burt, Michael Lewis, Burt, That's, I'm, it's Organizations: Service, Business, Federal Emergency Management Agency, FEMA Locations: Lee County , Florida, Fort Myers, Paris, that's
☆ How a Taxidermist Spends Sundays
  + stars: | 2023-07-08 | by ( Arielle Domb | ) www.nytimes.com   time to read: +1 min
Growing up in a cramped Miami apartment, Divya Anantharaman would spend hours perched by the kitchen window, gazing at the birds passing by. Nature was mesmerizing, but zoo tickets were expensive, so Mx. Anantharaman, who uses the pronouns they and she, would frequent free museum days, gawking at the dioramas filled with creatures — owls, elephants, tigers — they’d never before seen in real life. A few years later, while working in fashion, they started taking taxidermy classes. “I’m not either of those things.”They opened Gotham Taxidermy in 2015, determined to diversify the field.
Persons: Divya Anantharaman, gawking, — they’d, Anantharaman, ”, “ I’m, Gotham Taxidermy, Tiffany, Neil Patrick Harris, David Burtka Organizations: Wood, Tiffany & Company Locations: Miami, New York City, Gotham, Green
☆ Real-estate investors rush to score deep discounts on Florida properties hammered by Hurricane Ian: 'If they were asking $1 million before the storm, I'll offer $750,000'
  + stars: | 2022-10-20 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +3 min
Real-estate investors are trying to take advantage of the down market by buying properties for less. They seem undeterred by high insurance costs, possibly falling home values, and ever-worse storms. The real-estate market in Florida just doesn't stop. "If they were asking $1 million before the storm, I'll offer $750,000," Lema told The Wall Street Journal. Photo by Ricardo Arduengo/AFP via Getty ImagesStill, it seems many buyers are undeterred by or unaware of insurance costs, future home-value depreciation, and the risk of ever-stronger hurricanes and rising sea levels.
☆ Beware, Florida homeowners. The worst is yet to come.
  + stars: | 2022-10-06 | by ( Dan Latu | James Rodriguez | ) www.businessinsider.com   time to read: +10 min
They were paying $750 a month for the lot in a mobile-home park and couldn't fathom paying $7,200 a year for homeowners insurance, let alone additional protections for floods. (Flood insurance costs an average of more than $600 a year in Florida and can stretch even higher in high-risk areas.) But just 57% of those homes are covered by flood insurance, a Bank of America analysis of data from CoreLogic and the National Flood Insurance Program found. Some owners may not even know that they need a separate insurance policy for flooding, assuming it's covered by their homeowners insurance. Roughly a dozen firms that provide homeowners insurance in Florida have gone under in the past two years, The Washington Post reported.
☆ 'Big Short' analyst says Florida home values could drop as much as 50% in some areas when markets factor in flood and storm costs from disasters like Hurricane Ian
  + stars: | 2022-10-01 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +4 min
Floridians aren't paying enough for flood insurance, according to an analysis by DeltaTerra Capital. Home prices in some parts could fall by 50% when buyers realize the true costs of flood protection. Hurricane Ian left a trail of destruction across Florida, but the state's housing market has yet to feel the brunt of its impact. That's because flood insurance is poised to get much more expensive in high-risk areas as a result of Risk Rating 2.0 , the Federal Emergency Management Agency's updated method of pricing flooding risk for insurance policies held through the National Flood Insurance Program. It's not just a matter of how hurricane damage will affect a regional market, Burt said.
☆ Hurricane Fiona roars by Bermuda, on route to Canada
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: +2 min
View of a park in Samana, Dominican Republic, on September 19, 2022, after the passage of Hurricane Fiona. Fiona, a Category 3 hurricane, pounded Bermuda with heavy rains and winds early Friday as it swept by the island on a route forecast to have it approaching northeastern Canada late in the day as a still-powerful storm. The Canadian Hurricane Centre issued a hurricane watch over extensive coastal expanses of Nova Scotia, Prince Edward Island and Newfoundland. The U.S. National Hurricane Center said Fiona should reach the area as a "large and powerful post-tropical cyclone with hurricane-force winds." A hurricane warning was in effect for Nova Scotia from Hubbards to Brule; Prince Edward Island; Isle-de-la-Madeleine; and Newfoundland from Parson's Pond to Francois.
☆ Hurricane Fiona moves toward Bermuda, leaving a wake of destruction in Puerto Rico and the Dominican Republic
  + stars: | 2022-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | David K. Li | ) www.nbcnews.com   time to read: +2 min
Hurricane Fiona moved toward Bermuda on Thursday after leaving a devastating path of destruction in the Dominican Republic and Puerto Rico, authorities said. The Category 4 storm, traveling north, was expected to deliver a glancing blow to the western edge of Bermuda on Thursday night or Friday morning. After passing Bermuda, Fiona will target the Atlantic edges of Canada and likely make landfall near eastern Nova Scotia on Saturday morning. Much of Puerto Rico was still without power Thursday, as temperatures neared 100 degrees, triggering an excessive heat warning. "We’ll be with the Puerto Rico folks ... until this is done, until we recover," Biden told reporters in New York City, following a meeting with Gov.
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