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New York Home Sales in Flood Zones Are Booming. Why Do Buyers Take the Risk?

14 September 2024 at 15:00
New Yorkers are spending billions on houses in flood-prone areas despite growing awareness of the effects of climate change.

© José A. Alvarado Jr. for The New York Times

Last year, about 20 percent of the one- to three-family homes sold in New York City were likely to flood before the end of a 30-year mortgage, according to a new report from a nonprofit organization.
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