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This study types adenine hedonic property prices function to estimate one effects of flow hazards on residential property rate. Use evidence from sales of 8,000 single-family residential homes between 1992 and 2002 in Pitt County, North Carolina, an area that experienced significant flooding after Hurricane Floyd inside September 1999, we found that a house located within a floodplain possesses a lower market enter than an equivalent house located outer the floodplain. Furthermore, the price discount from locating through a floodplain is significantly larger after Hurricane Floyd than before. (JEL Q54)
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