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Inflation and wage rises used to shrink the repayment burden. We're being granted mortgages as if they still will.

Wellington houses are selling for crazy profits, but a real estate agent says the only people really benefiting are investors

Because the coastal shelf is shallow, we are expecting to see 25 to 30-foot seas closer to the coast because of the shallow. shallow doesn't get as high as 83 that you heard at the center. i guess that was reported yesterday. >> reid hawkins from the national weather service in wilmington, north carolina. stay safe. keep us posted. >> thank you. >> hurricane florence as the potential to be the most expensive to hit the united states. nearly 759,000 homes in the carolinas and virginia are in the dangerous path of the storm. that is early analysis from core logic. more than $170 billion to rebui...

Dangerous storm. according to early analysis. from core logic. worst case more than $170 billion to rebuild. 62 billion more than hurricane katrina in 2005. that storm cost at least 108 billion. in property damage. that has the dubious honor of the costliest in u.s. history. however the cost projections were made before the storm was downgraded. the impact remains a mystery here. these forecasts will change a lot. as we go through the next few days. insurance companies are bracing for a hit if a major loss happens. investors will hesitate before -- prices could skyrocket for consumers. >> spea...

About 200 miles from houston. that would be like a storm hitting new york and boston being flooded. and that's the distances we're talking about. all of those homes in between, and now, you know, houston alone is larger than about 25 to 26 states in population. so now you have hundreds of thousands of people in houston, san antonio, many areas are under water, and that's another 200 milings away. -- miles away. you have this massive area. it is too early to calculate, but it will be in the billions and billions. i have seen one report from core logic that said 39 billion potential if everybody...