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Author Topic: Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says  (Read 289 times)

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Online rangerrebew

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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
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Online rangerrebew

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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:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Smokin Joe

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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:
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Offline Fishrrman

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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!"
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