Matches in SemOpenAlex for { <https://semopenalex.org/work/W3033918467> ?p ?o ?g. }
- W3033918467 abstract "Prior literature has argued that flood insurance maps may not capture the extent of flood risk. This paper performs a granular assessment of coastal flood risk in the mortgage market by using physical simulations of hurricane storm surge heights instead of using FEMA's flood insurance maps. Matching neighborhood-level predicted storm surge heights with mortgage files suggests that coastal flood risk may be large: originations and securitizations in storm surge areas have been rising sharply since 2012, while they remain stable when using flood insurance maps. Every year, more than 50 billion dollars of originations occur in storm surge areas outside of insurance floodplains. The share of agency mortgages increases in storm surge areas, yet remains stable in the flood insurance 100-year floodplain. Mortgages in storm surge areas are more likely to be complex: non-fully amortizing features such as interest-only or adjustable rates. Households may also be more vulnerable in storm surge areas: median household income is lower, the share of African Americans and Hispanics is substantially higher, the share of individuals with health coverage is lower. Price-to-rent ratios are declining in storm surge areas while they are increasing in flood insurance areas. This paper suggests that uncovering future financial flood risk requires scientific models that are independent of the flood insurance mapping process." @default.
- W3033918467 created "2020-06-12" @default.
- W3033918467 creator A5091841144 @default.
- W3033918467 date "2020-06-04" @default.
- W3033918467 modified "2023-09-27" @default.
- W3033918467 title "Coastal Flood Risk in the Mortgage Market: Storm Surge Models' Predictions vs. Flood Insurance Maps" @default.
- W3033918467 cites W1881873786 @default.
- W3033918467 cites W1974011857 @default.
- W3033918467 cites W2012214138 @default.
- W3033918467 cites W2016950165 @default.
- W3033918467 cites W2028230084 @default.
- W3033918467 cites W2034160147 @default.
- W3033918467 cites W2046170165 @default.
- W3033918467 cites W2058052428 @default.
- W3033918467 cites W2072987825 @default.
- W3033918467 cites W2267780081 @default.
- W3033918467 cites W2320832042 @default.
- W3033918467 cites W2610484156 @default.
- W3033918467 cites W2612175007 @default.
- W3033918467 cites W2788470047 @default.
- W3033918467 cites W2789492867 @default.
- W3033918467 cites W2889578611 @default.
- W3033918467 cites W2990665633 @default.
- W3033918467 cites W3025838273 @default.
- W3033918467 cites W3121721578 @default.
- W3033918467 cites W3121961470 @default.
- W3033918467 cites W2486523187 @default.
- W3033918467 hasPublicationYear "2020" @default.
- W3033918467 type Work @default.
- W3033918467 sameAs 3033918467 @default.
- W3033918467 citedByCount "0" @default.
- W3033918467 crossrefType "posted-content" @default.
- W3033918467 hasAuthorship W3033918467A5091841144 @default.
- W3033918467 hasConcept C10138342 @default.
- W3033918467 hasConcept C105306849 @default.
- W3033918467 hasConcept C107235782 @default.
- W3033918467 hasConcept C111368507 @default.
- W3033918467 hasConcept C11693305 @default.
- W3033918467 hasConcept C127313418 @default.
- W3033918467 hasConcept C132651083 @default.
- W3033918467 hasConcept C144133560 @default.
- W3033918467 hasConcept C153294291 @default.
- W3033918467 hasConcept C155681218 @default.
- W3033918467 hasConcept C166957645 @default.
- W3033918467 hasConcept C205649164 @default.
- W3033918467 hasConcept C22818535 @default.
- W3033918467 hasConcept C2776648845 @default.
- W3033918467 hasConcept C2777764128 @default.
- W3033918467 hasConcept C2777774347 @default.
- W3033918467 hasConcept C39432304 @default.
- W3033918467 hasConcept C51034333 @default.
- W3033918467 hasConcept C58640448 @default.
- W3033918467 hasConcept C71387314 @default.
- W3033918467 hasConcept C74256435 @default.
- W3033918467 hasConceptScore W3033918467C10138342 @default.
- W3033918467 hasConceptScore W3033918467C105306849 @default.
- W3033918467 hasConceptScore W3033918467C107235782 @default.
- W3033918467 hasConceptScore W3033918467C111368507 @default.
- W3033918467 hasConceptScore W3033918467C11693305 @default.
- W3033918467 hasConceptScore W3033918467C127313418 @default.
- W3033918467 hasConceptScore W3033918467C132651083 @default.
- W3033918467 hasConceptScore W3033918467C144133560 @default.
- W3033918467 hasConceptScore W3033918467C153294291 @default.
- W3033918467 hasConceptScore W3033918467C155681218 @default.
- W3033918467 hasConceptScore W3033918467C166957645 @default.
- W3033918467 hasConceptScore W3033918467C205649164 @default.
- W3033918467 hasConceptScore W3033918467C22818535 @default.
- W3033918467 hasConceptScore W3033918467C2776648845 @default.
- W3033918467 hasConceptScore W3033918467C2777764128 @default.
- W3033918467 hasConceptScore W3033918467C2777774347 @default.
- W3033918467 hasConceptScore W3033918467C39432304 @default.
- W3033918467 hasConceptScore W3033918467C51034333 @default.
- W3033918467 hasConceptScore W3033918467C58640448 @default.
- W3033918467 hasConceptScore W3033918467C71387314 @default.
- W3033918467 hasConceptScore W3033918467C74256435 @default.
- W3033918467 hasLocation W30339184671 @default.
- W3033918467 hasOpenAccess W3033918467 @default.
- W3033918467 hasPrimaryLocation W30339184671 @default.
- W3033918467 hasRelatedWork W1026172122 @default.
- W3033918467 hasRelatedWork W1545873165 @default.
- W3033918467 hasRelatedWork W1550506898 @default.
- W3033918467 hasRelatedWork W1957096942 @default.
- W3033918467 hasRelatedWork W1974625311 @default.
- W3033918467 hasRelatedWork W1994003733 @default.
- W3033918467 hasRelatedWork W2085381098 @default.
- W3033918467 hasRelatedWork W2218543495 @default.
- W3033918467 hasRelatedWork W2585588780 @default.
- W3033918467 hasRelatedWork W2953272341 @default.
- W3033918467 hasRelatedWork W2993284579 @default.
- W3033918467 hasRelatedWork W3020412534 @default.
- W3033918467 hasRelatedWork W3124393778 @default.
- W3033918467 hasRelatedWork W3125214563 @default.
- W3033918467 hasRelatedWork W3125598516 @default.
- W3033918467 hasRelatedWork W3165626542 @default.
- W3033918467 hasRelatedWork W70842182 @default.
- W3033918467 hasRelatedWork W805608 @default.
- W3033918467 hasRelatedWork W808692474 @default.
- W3033918467 hasRelatedWork W810049722 @default.
- W3033918467 isParatext "false" @default.
- W3033918467 isRetracted "false" @default.