Empirical Studies of the Effect of Flood Risk on Housing Prices

Addresses the question: Can empirical evidence be found that flood damages borne by flood plain activities are or are not capitalized into the fair market value of floodplain properties? More is involved than just comparing the actual price of a floodplain property to a hypothetical, otherwise identical, non-floodplain property. This study defines this difference as the discount for floodplain location. This discount, however, does not necessarily equate to discount for primary flood damages. The location discount represents the net effect of all attributes, positive & negative alike, associated with floodplain location which affect property value. Charts & tables.Chao, Philip T. is the author of 'Empirical Studies of the Effect of Flood Risk on Housing Prices' with ISBN 9780756703844 and ISBN 0756703840.