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Reply to "High flood factor what to do"
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[quote=Anonymous][quote=Anonymous]The first street maps actually show a lot of houses in MoCo subject to flooding. I feel like people are not aware this exists and will be surprised when they try to sell their house. [b]My issue with this company is that they do not really share their methodology, it is trying to predict the future, and yet it is negatively affecting home prices today based on this opaque methodology. [/b]There is also the obvious conflict of interest because they are longer a non profit and make money selling you flood insurance. And researching on reddit, people do not get anywhere trying to appeal their "Flood Factor" ratings. How is this not a class action lawsuit waiting to happen? [/quote] Their methodology is on their website https://firststreet.org/research-library/flood-model-methodology They have a ton of peer-reviewed publications as well. However, input datasets aren't perfect. Plus incorporating flood risk reduction efforts at the local level is a massive challenge. I'm not sure what OP could do in the situation of a single house with questionable flood risk in a neighborhood of low risk. If I were in your situation I would look into what you can do to reduce flood risk on your property and document it so that info is available when you eventually sell your house. There are a lot of grants available for rain gardens, rain barrels and the like. Also, where would water on your property come from and what could you use to divert that water? You can do a lot to engineer the issue away especially if it's just your house and not neighboring houses with an issue.[/quote]
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