this post was submitted on 04 Mar 2024
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A Quebec lender opted out of mortgages in flood zones. Experts warn it could happen elsewhere (www.cbc.ca)
submitted 8 months ago by grte@lemmy.ca to c/canada@lemmy.ca
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[–] xmunk@sh.itjust.works 9 points 8 months ago (2 children)

And this commenter applauds them. Don't build your house in a fucking flood zone.

[–] conquer4@lemmy.world 4 points 8 months ago (1 children)

Means don't build, buy, or own a house in a flood zone.

[–] xmunk@sh.itjust.works 8 points 8 months ago

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.

[–] sbv@sh.itjust.works 2 points 8 months ago

100% agreed. This is the least floody decade for the foreseeable future.