« previous next »
Pages: [1]   Go Down

Author Topic: Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says  (Read 410 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 184,530
Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says
« on: February 03, 2025, 06:29:53 am »

Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says
Story by Nicole Friedman, Deborah Acosta • 6h

Climate change will cause a $1.47 trillion decline in U.S. home values by 2055, according to a new study from climate-research company First Street.

Rising home-insurance costs and more homeowners spurning some risky neighborhoods will drive these declines, First Street said.
 
The study is an attempt to quantify the economic risk that weather events such as hurricanes, drought and heat waves pose to many Americans’ biggest financial asset—their homes.

Thousands of displaced Americans are currently contending with the fallout from recent natural disasters including this year’s wildfires in Los Angeles and hurricanes that ravaged the Southeast last fall.

https://www.msn.com/en-us/money/realestate/climate-change-to-wipe-away-1-5-trillion-in-u-s-home-values-study-says/ar-AA1yiU2O?ocid=msedgdhp&pc=HCTS&cvid=30354cf141db4db6e66ba871f0677e96&ei=18
Logged
abolitionist Frederick Douglass: “Power concedes nothing without a demand. It never did, and it never will.”

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 184,530
Re: Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says
« Reply #1 on: February 03, 2025, 06:35:58 am »
Are they saying my home will suffer damage from things like rain, snow, sleet, ice, daily temperature changes, sunshine, wind, blowing dust and dirt, bird sh*t, land erosion, and poor maintenance?  I thought that happened with, or without, climate change. :whistle:
Logged
abolitionist Frederick Douglass: “Power concedes nothing without a demand. It never did, and it never will.”

Online Smokin Joe

  • Hero Member
  • *****
  • Posts: 64,257
  • I was a "conspiracy theorist". Now I'm just right.
Re: Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says
« Reply #2 on: February 03, 2025, 06:47:26 am »
Without heat, my pipes can still freeze into June.  :shrug:
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Online Fishrrman

  • Hero Member
  • *****
  • Posts: 15,549
  • Gender: Male
  • Dumbest member of the forum
Re: Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says
« Reply #3 on: February 03, 2025, 05:59:44 pm »
"Climate change will cause a $1.47 trillion decline in U.S. home values by 2055"

I won't be around in 2055, but this is a GOOD THING.

We NEED to see home prices decline -- by a BIG amount.

It's called "affordability", and there was a time, up until about 30 years ago, when housing was much more reasonably priced in relation to buyers' earning power.

I'm not afraid of deflation.
In the words of Sam Buttrey on Jeopardy... "bring it!"
Logged
Pages: [1]   Go Up
« previous next »