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Author Topic: Future Earth  (Read 15924 times)

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AGelbert

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Re: Future Earth
« Reply #210 on: December 05, 2016, 06:09:58 pm »
You’re Buying a Home. Have You Considered Climate Change? ???


By RON LIEBERDEC. 2, 2016

SNIPPET:
 
So you want to buy a home in a global warming zone.   

Wait, you weren’t thinking of it that way? You didn’t even realize it or think to check? Well, it’s time to adjust your outlook.

That was my conclusion, at least, after reading my colleague Ian Urbina’s recent article about climate change and the residential real estate market. No one knows when (or if) a panic may set in among insurance companies, lenders or home buyers — one that causes prices to fall and never recover in vulnerable areas. But given that homes are the most expensive thing that many of us ever purchase, it’s foolish not to consider the long-term implications of owning one in a growing number of increasingly damage-prone places.

This is also an area of financial life that is ripe for mistakes and delusional thinking. Buying a home involves an enormous amount of money, and few people do it often enough to be experts. Given the realities of climate change, the process is now set against a backdrop of radical uncertainty about the very ground you will live on and the air you will breathe. Throw political uncertainty into the mix and — well, good luck keeping your head on straight.



http://www.nytimes.com/2016/12/02/your-money/youre-buying-a-home-have-you-considered-climate-change.html?_r=0
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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