Flood Investors Profit, Homeowners Suffer

Tropical Storm Chantals aftermath in Carrboro, North Carolina, reveals a troubling trend: investors profiting from flood-damaged homes. Unregulated wholesaling allows investors to buy low and sell high, often exploiting vulnerable homeowners. Outdated flood maps and lack of insurance leave many unprepared. Lawmakers propose new measures, but the practice continues, leaving communities and homeowners in uncertainty. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.