Flood Nightmares for Newport Beach
Values may go down because maintenance costs will rise
The drought may be close to over but the waters of the Pacific Ocean are now labeled more dangerous by FEMA.
George Kasimos of stopfemanow.com, the undisputed leader of the consumer revolution against FEMA found this story in the LA Times and passed it on.
Newport Beach is challenging the federal government’s revised flood zone boundaries in the city, especially around the Balboa Peninsula and Balboa Island, in an effort to save homeowners money on insurance.
Under the Federal Emergency Management Agency’s proposed boundaries, about 4,000 additional property owners on the Balboa Peninsula would have to buy flood insurance, according to Seimone Jurjis, the city’s assistant community development director.
FEMA has been implementing new flood maps throughout the whole country. There are 22,000 flood zone communities across the country. If virtually all the new flood maps have elevated BFE’s and are expanding. How many more homes are being added into the flood plain?
Read the full story about Newport Beach from the #LATImes http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-flood-maps-20170424-story.html