Thursday, October 28, 2010

Don’t buy in a flood area

DEFRA cuts flood defences

The lunacy of building on flood plains was always questionable but now some of those houses might be worthless. Make sure you check on the flooding website if you're looking at buying. Even if it doesn't flood the insurance will cripple you.

Posted by chrisch @ 11:16 AM (1365 views)
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9 thoughts on “Don’t buy in a flood area

  • ideal to rent to HB , think of the low cost of renting in a flood zone

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  • A quick call to the major insurers will tell you all you need to know

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  • Farmers Guardian? Do they sit on their tractors drinking Frappuchinos?

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  • mark wadsworth says:

    DEFRA can be shut down as far as I care.

    Flood defences is a prime example of things that would be best funded collectively by land owners in each area. They work out how much each level of protection would cost* and work out the annual cost in £ per sq yard of protected land. All affected landowners then take a vote on it, bearing in mind that £x spent on flood defences reduces insurance bills by £y and boosts their rental values by £z, and decide what type of protection they would like (x y and z can only ever be estimates). The majority then decides (presumably by some sort of auction process) what will happen and in future everybody pays their contribution each year.

    All a bit like ‘land value tax’, isn’t it?

    * This might just be sandbags, or it might be a ten metre high concrete wall.

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  • sibley's b'stard child says:

    @4

    Will bankers’ cadavers suffice or are they not regulation flood defences?

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  • the number cruncher says:

    MW – I agree but as ever the situation is complicated and you do need regulation and monitoring of river systems for built up areas.

    We have always built on flood plains, London for example, and will always do in the future, the real problem is agriculture.

    The biggest waste of money is paying for flood defences for farmland and the drainage of farmland, this increases farming efficiency, but the profits go to private landowners, but the costs are borne by the taxpayer.

    When we have heavy rain, all this water has to go somewhere, so it rushes down stream, into rivers to flood cities. In a natural river system we would have flood plains that soak up the flood waters and buffer its effects. Natural, non-drained uplands would hold on to water a release it slowly into our streams and rivers buffering peak rainfalls.

    Taxpayers are collectively paying for the private profits of landowners, once again our economic system is robbing the poor and hard-working to line the pockets of our idol rich.

    The Government can cut the bill for drainage and flood defences by a hundred million a year, allowing water to be held in the land and so not threaten built up areas. This would give us the added benefits of more wildlife in our uplands and along natural flood plains and be a recreation resource for everyone.

    This has already happened in many places in Europe.

    Of course our landed gentry would be up in arms as they would loose the profitability of some of there farmland.

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  • mark wadsworth says:

    TNC, yes of course it would be far better if the landowners paid for the flood defences as they are in the best position to make a cost/benefit analysis – these always work best if you are spending your own money and not somebody else’s. i would have though this was implicit in my first comment.

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  • the number cruncher says:

    I agree with you but you still need regulation – you cannot just have a free for all – you need a scientific body to regulate what type of flood defences are needed who then licence that process (I then agree with you that then people have to pay for their own flood defences)

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  • In Milton Keynes (ex farm land + old towns) there are dedicated flood plains and several lakes to deal with this. I only hear about flooding in the old towns, which existed before Milton Keynes was built. So it can be done properly in the UK.

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