The more these articles come out, the greater the most risk-averse lenders/insurers start to talk about it in committee, the greater the risk that there is a sudden and discrete increase in borrowing and insurance costs in areas exposed to natural disasterhttps://www.newyorker.com/news/annals-of-a-warming-planet/will-big-business-finally-reckon-with-the-climate-crisis …
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All the RE folks I know take it seriously at this pointhttps://www.bizjournals.com/washington/news/2020/02/07/sea-levels-are-rising-storms-are-surging.html …
How do people respond to threats of climate change? Insurance and avoidance of areas expected to be particularly hard hit like Miami?
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In the dev world, there’s sites you pass on due to flood risk and/or take more aggressive measures to mitigate. Might fill the site to be an add. foot higher than req. to get out of the 100-yr flood zone, or the 500-yr. Can also build over podium so only parking is in flood zone.
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Makes sense thanks. Missed that.
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