Flood insurance costs soaring

[Edita D.]

Hey guys! I came across an article about flood insurance soaring costs on CNN money. ( can't provide a link since I am using the BP app). How do you think this will affect rental properties located at high flood risk areas? Thanks, Edita

[Kristopher K.]

@Mike LaCava just had a great meetup for this topic. It's not just the rich, investments, or vacation homes. There are entire communities being affected. I passed by a house this past weekend being raised...it was hideous, but it's not like they could do anything else. It's not cheap, and it was a small house.

I'll try to link to a Boston Globe article:

http://www.bostonglobe.com/business/2013/10/15/changes-flood-insurance-mean-higher-costs-water/1hXoKECepAhcpothIhnfeI/story.html