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ideals | 5 years ago

The date ranges they show are 2040-2060. Mortgages are typically 30years. If you buy a house this year you'll be right in the middle of this outcome when your mortgage is paid off and at an age where you'll be looking at retirement.

I'm imagining it being much harder to sell a house in an area with many web bulb days and resulting in a cratering real estate market in those areas most affected.

How long until climate change starts driving real estateprices and also where people decide to start a career or family?

The USG does pretty much everything it can to prop up home prices as well, possibly as a counter argument to the above question. Will that trend continue when it becomes overwhelmingly difficult to live/farm in those areas?

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mzs|5 years ago

It's already happening. It became virtually impossible to buy private home owner's insurance in parts of CA after wildfires. CA gov stepped in and created a one year moratorium on insurance COs cancelling those policies. That is about to lapse and what happens next is really up in the air. It certainly will be quite more difficult to sell a home difficult/expensive to insure.