Quote:
Originally Posted by Papa_lecki
A 100 year storm is a civil engineering thing. Basically means there’s a 1% that a storm (1/100) that size will happen. It is possible for a 100 year storm to happen two years in a row - but the chances are low.
|
This also means there is a 1/10 chance over 10 years, or a 1/3 chance over the life of a 30 yr mortgage.