World Inequality Lab @wid.world · Jul 17 Single-property owners are highly vulnerable with flood damages representing on average 20% of their total real estate wealth. Owners of rental, second, or vacant properties are the least vulnerable households, flood damages amounting to just about 3% of their real estate wealth. [2/6]
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🔸Owner-occupied homes owned by middle income households are more exposed to subsidence. 🔹Second homes often owned by wealthy and diversified households are particularly exposed to flooding. [3/6]