New report says climate change could crush real estate values

[Yo_Mama_Been_Loggin]

For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change.

To that end, big real estate firms are pouring significant resources into calculating climate risk and its likely effect on property portfolios—everything from increasingly extreme weather to sea level rise.

"This process will be painful for investors who are caught off guard, but those who are prepared have the potential to outperform," a new report from the Urban Land Institute said.

Damage to U.S. real estate from extreme storms hit a record high in 2017. Natural disasters, including floods, mudslides and wildfires, cost more than $300 billion in damage, the bulk of it to residential and commercial real estate.

https://www.msn.com/en-us/money/realestate/new-report-says-climate-change-could-crush-real-estate-values/ar-BBVJsJr?li=BBnbfcN

A goodly amount of Florida will be under water if present trends continue.

[spooky3]

1. My homeowners' insurance premiums have more than doubled

Despite no claims. I wonder if climate change deniers have made the connection yet.

[wasupaloopa]

2. I don't know. We just might have some beach property. We are about 5ive miles from the ocean.

[no_hypocrisy]

3. Sometime in the near future, when there is a sales contract for real estate in places like

the shoreline of Florida, Georgia, the Carolinas, Virginia, Maryland, etc. up to Maine, there will be a clause about prospective flooding and underwater property like there is for lead paint, termites, and a sex offender living next door.

[Cousin Dupree]

4. It's not just rising sea levels in a Florida that are affecting real estate values.

Last year’s red tide and green algae in south Florida are having a significant impact on the housing market there this year.