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Started By
Message
Is the Harvey/Houston flood bigger than Katrina's damage?
Posted on 8/29/17 at 10:05 am
Posted on 8/29/17 at 10:05 am
Have costs estimates been made yet?
The more I see on TV going on in Houston, mercy, it could be one of the biggest and most costly disasters of all time...
Overwhelming ...
The more I see on TV going on in Houston, mercy, it could be one of the biggest and most costly disasters of all time...
Overwhelming ...
12
Posted on 8/29/17 at 10:05 am to ApexTiger
I'd have to say yes based on how much bigger Houston is compared to NOLA.
Posted on 8/29/17 at 10:07 am to ApexTiger
Additionally, isn't Houston more expensive? Based on that alone.
Posted on 8/29/17 at 10:07 am to ApexTiger
It has to be bigger due to more infrastructure and population. I am fearful some will make it into a pissing match about what storm was more catastrophic eventually.
Posted on 8/29/17 at 10:08 am to ApexTiger
In terms of dollars I have to believe Harvey will be bigger than Katrina. Currently the costs of hurricanes are ranked 1. Katrina and 2. Sandy.
Harvey will be number one IMO when it's all said and done.
Harvey will be number one IMO when it's all said and done.
Posted on 8/29/17 at 10:09 am to ApexTiger
The water isn't even dinner rising yet
Posted on 8/29/17 at 10:11 am to sms151t
quote:
It has to be bigger due to more infrastructure and population. I am fearful some will make it into a pissing match about what storm was more catastrophic eventually.
In terms of dollars the only saving grace is that Harvey may still be less costly on a per capita basis. There are a lot of people that live in Houston and that cost can be spread out more efficiently.
Posted on 8/29/17 at 10:12 am to ApexTiger
More pathos involved with Katrina.
Posted on 8/29/17 at 10:20 am to ApexTiger
You're talking about a city of 400,000 vs a metro area of +4m.
Total dollar amount is likely to be higher with Harvey, it's just basic math.
Total dollar amount is likely to be higher with Harvey, it's just basic math.
Posted on 8/29/17 at 10:25 am to cokebottleag
I saw one wild estimate that Harvey will get close to $1 trillion. Think Katrina was around $300 billion.
I don't know how informed that estimate was though. Wouldn't really surprise me though. Gonna be hard to justify massive tax cuts and funding a stupid wall if that is accurate. FEMA and the NFIP are going to be on the hook for a LOT of that expense. Wouldn't surprise me if some smaller insurance companies go bankrupt.
I don't know how informed that estimate was though. Wouldn't really surprise me though. Gonna be hard to justify massive tax cuts and funding a stupid wall if that is accurate. FEMA and the NFIP are going to be on the hook for a LOT of that expense. Wouldn't surprise me if some smaller insurance companies go bankrupt.
Posted on 8/29/17 at 10:26 am to ApexTiger
quote:
When Hurricane Harvey rips through the coastal Texas landscape, it could leave behind nearly $40 billion worth of damage, according to a new estimate from CoreLogic
Posted on 8/29/17 at 10:27 am to The Spleen
This will help cause an economic uptick imo - reverse of what Spleen is saying with his leftist talking points
This post was edited on 8/29/17 at 10:28 am
Posted on 8/29/17 at 10:27 am to ApexTiger
Harris county aline has around the same population as the entire state of LA. So I'm guessing yes.
Posted on 8/29/17 at 10:42 am to The Spleen
quote:
Wouldn't really surprise me though. Gonna be hard to justify massive tax cuts and funding a stupid wall if that is accurate. FEMA and the NFIP are going to be on the hook for a LOT of that expense. Wouldn't surprise me if some smaller insurance companies go bankrupt.
When Katrina hit, 58% of the homes that were flooded had flood insurance.
18% of the flooded homes effected by Harvey have flood insurance.
I don't think it will effect the smaller insurance companies their doesn't seem to be a lot of wind damage, looking at the news it seems to mostly be flooding.
Posted on 8/29/17 at 10:56 am to sms151t
They did say earlier on the radio that the amount of rain that has fallen on Houston so far is 3 times the amount of water that was pumped out of New Orleans for Katrina. That was on WWL.
Posted on 8/29/17 at 10:57 am to ApexTiger
yes
Posted on 8/29/17 at 10:57 am to ApexTiger
6.8MM people in Metro Houston (plus Rockport, LaGrange Port A etc) vs 1.3MM pre-Katrina Greater New Orleans (plus MS Gulf Coast).
Harvey is a $100 billion plus storm - the scale of what's unfolding this week is truly incredible.
Katrina's long term psychological impact is likely more due to the loss of life and permanent displacement.
Harvey is a $100 billion plus storm - the scale of what's unfolding this week is truly incredible.
Katrina's long term psychological impact is likely more due to the loss of life and permanent displacement.
This post was edited on 8/29/17 at 11:04 am
Posted on 8/29/17 at 10:59 am to ApexTiger
houston metro is at least 5 times bigger, id say theres gonna be a lot more damage.
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