Hurricanes Are More Frequent and Intense. How Will That Affect Beachfront-Property Investing?
Hurricanes caused more than $1.1 trillion in damage and nearly 6,700 deaths in the U.S. between 1980 and 2021, according to the National Oceanic and Atmospheric Administration (NOAA), and the damage is getting worse. NOAA says five of the top 10 disaster years in U.S. history have occurred since 2011.
In 2022, there were 14 named Atlantic storms, including three that made landfall on the U.S. mainland, led by Hurricane Ian and its estimated $112.9 billion in damage, much of it in southwest Florida. This year's storm frequency is projected to be much the same.
With the rising intensity of these storms, weather nerds aren't the only people who need to follow these disturbances. This is especially important for people who own beachfront properties.
Source Fool.com
