FEMA buyouts vs. risky real estate: New maps reveal post-flood migration patterns across the US
Prof. James R. Elliott and Research Analyst Debolina Banerjee study flood resilience and have been mapping the results of government buyout programs across the U.S. that purchase damaged homes after disasters to turn them into open space. Their new national maps of who relocates and where they go after a flood shows that most Americans who move from buyout areas stay local. However, they also found that the majority of them give up their home to someone else, either selling it or leaving a rental home, rather than taking a government buyout offer. That transfers the risk to a new resident, leaving the community still facing future costly risks.
