In my 2016 book Climate-Proof Your Personal Finances I asked Do you know a real estate agent personally?You might ask if she or he sees any signs of reduced demand in neighborhoods with some sort of water or drought risk - flooding, dropping well water, oceanfront. Although most agents don’t acknowledge this trend yet, I have talked to several who admit it’s already happening.
A house on Nantucket was listed at $2.3 million sold for $600000 because a storm took most of the lawn. Becoming an every day occurrence on the East Coast.
Thanks for the post on real estate, moving, and the climate crisis. While population shifts still seem oriented toward many of the most vulnerable cities and areas in the US (Florida, the Southwest) this is likely to reverse as people find living in flood- or fire- or drought-prone areas keeps getting worse and more and more expensive. I want to be sure you know that Abraham Lustgarten just published On the Move (Macmillan), and this book covers the issue on internal migration of Americans as the climate crisis continues. I just posted on this topic at https://davidguenette.com/its-your-move-will-rustbelt-cities-find-new-life-as-climate-migrants-look-for-home/.
A house on Nantucket was listed at $2.3 million sold for $600000 because a storm took most of the lawn. Becoming an every day occurrence on the East Coast.
Thanks for the post on real estate, moving, and the climate crisis. While population shifts still seem oriented toward many of the most vulnerable cities and areas in the US (Florida, the Southwest) this is likely to reverse as people find living in flood- or fire- or drought-prone areas keeps getting worse and more and more expensive. I want to be sure you know that Abraham Lustgarten just published On the Move (Macmillan), and this book covers the issue on internal migration of Americans as the climate crisis continues. I just posted on this topic at https://davidguenette.com/its-your-move-will-rustbelt-cities-find-new-life-as-climate-migrants-look-for-home/.