Hurricanes are breaking more expensive stuff

At first glance, one popular statistic suggests that hurricanes are causing more damage. One possible cause of this is if hurricanes are more powerful. But another factor is the value of property in the path of hurricanes.

A hurricane which affects swampland causes less expensive damage than if it instead hits houses or Disneyworld.

Census Bureau figures suggest that between new houses built and rising prices, the total value of owner-occupied housing in the United States increased about 45 percent from 1990 to 2000. The Ceres study says weather-related property losses increased about 40 percent from 1990 to 2000.

6 thoughts on “Hurricanes are breaking more expensive stuff”

  1. Also, even if nothing else changes, inflation alone will increase the property damage of a hurricane.

  2. Wasn’t there something recently about the landfall force of Hurricane Katrina ultimately being less than anticipated and that it really was the poor flood defences that led to the terrible catastrophe. So, one might conclude that, if anything, hurricanes are getting weaker.

    What’s more worrying is that promised new and improved flood defences have still not been scheduled for installation.

  3. I thought I’d read as much. Doesn’t mean it was any less tragic, but I guess part of the blame lies beyond the storm

  4. What’s more worrying is that promised new and improved flood defences have still not been scheduled for installation.

    Are you really expecting quick action when several governments are involved? In a state with a long history of corruption?

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