EP: 2177
'If Your House Floods, You're On Your Own' - The Worst Policy Proposal Yet⎥Ep. 2177
What happens if your home is destroyed in a flood, but the land underneath it is no longer safe to live on? Until now, governments and councils have stepped in with billion-dollar buyouts – but Prime Minister Christopher Luxon says that era might be over.
In this episode, we unpack what this shift could mean for homeowners and property investors, and whether the risks of buying in certain areas are about to get much bigger.
You’ll learn:
-How past disasters like the Canterbury earthquakes and Cyclone Gabrielle triggered massive government buyouts
-Why Luxon is signalling “no more bailouts” for land losses
-What this could mean for property values, mortgages, and your investment strategy
Understanding climate-related risks is becoming essential for property investors. If government support dries up, the financial fallout could be huge.
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