Real estate, risks, & economics: links for May 5, 2019

Deadly Flooding From Michigan to the South Damages Homes, Sends Mississippi River to 157-Year-High in Davenport, Iowa

Mark Zuckerberg makes privacy a priority – when he buys real estate

Mark Zuckerberg may be under fire for failing to protect the privacy of Facebook users, but he takes extraordinary measures to protect his own while expanding his personal portfolio of homes.

The 34-year-old CEO of Facebook has tried to hide his property purchases through a limited liability company and a firm that manages investments for wealthy clients, and he also requires real estate agents who work for him to sign non-disclosure agreements, the Wall Street Journal reported.

Don’t Be Shocked If Trump’s Economy Goes the Way of Bush’s

… Trump’s policies resulted in one year of modest incremental growth at a cost of large increases in the deficit: from $665 billion in 2017 (3.2 percent of GDP), up to $779 billion in 2018, Trump’s first budget (3.8 percent of GDP), and $1.1 trillion in 2019 (5.1 percent) of GDP.

A 5.1 percent budget deficit in an economy with only a 3.9 percent unemployment rate — that is a strange pair of numbers. As the director of the Congressional Budget Office, Keith Hall, pointed out in late January, the high deficits mean that lawmakers will have less flexibility to use tax and spending policies to respond to unexpected challenges. It also means less money for investments in education and infrastructure that really do produce long-term growth.

If the $2 trillion infrastructure investment that Democrats and Trump appear to want is to become a reality, Trump may well have to undo a good chunk of his 2017 tax cut.

TDCI Debunks Flood Insurance Myths on Ninth Anniversary of Nashville Flood

“There are many misconceptions about flood insurance, so we encourage consumers to do their research and ask questions before selecting a policy or choosing to forgo insurance. ‘I’m not in a flood zone’ is not by itself a reason to not have flood insurance as more than 20 percent of flood insurance claims originate outside of mapped flood zones. While flood insurance cannot stop flooding, it could help prevent a financial catastrophe.”