Housing.com News, Analysis & Opinion: Eye of the Hurricane

It may seem trivial or myopic to be tying such a monumental catastrophe to housing issues, but every homeowner in the New Orleans area who survives the hurricane is gonna be thanking whatever deity they pray to that they have homeowner's insurance. It's a good reminder of how necessary it is to get that coverage, because for all the things we can control when it comes to our homes, there are many things we can't. Forces of nature are chief among them.

My thoughts and prayers are going out to everyone in the New Orleans area. Be safe, stay well, and hang in there.

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As I'm writing this, Hurricane Katrina is coming ashore just outside New Orleans, bringing with it the potential for enormous environmental, financial, and personal disaster. Thousands are expected to lose their homes and livelihoods, if not their lives. Not only that, but the insurance payouts for the disaster are estimated at $25 billion. It may seem trivial or myopic to be tying such a monumental catastrophe to housing issues, but every homeowner in the New Orleans area who survives the hurricane is gonna be thanking whatever deity they pray to that they have homeowner's insurance. It's a good reminder of how necessary it is to get that coverage, because for all the things we can control when it comes to our homes, there are many things we can't. Forces of nature are chief among them. My thoughts and prayers are going out to everyone in the New Orleans area. Be safe, stay well, and hang in there.