3 ms·
Not likely. Using the parent example that climate change causes the risk of destruction from a hurricane to increase from 0.1% to 1%, consider that 1000 homes
by LeifCarrotson 10y ago
Not likely. Using the parent example that climate change causes the risk of destruction from a hurricane to increase from 0.1% to 1%, consider that 1000 homes of the old type for 100k each would cost $100 million.
Replacing 10 of these costs 1 million - but let's be generous and assume that you need to do this every 6 years, and use a 30-year period for our analysis. That brings our total cost to $105 million. If all the new homes survive undamaged, you have to build 1000 hurricane-resistant homes for less than $105 million to make the project viable, an increase of 5%. Looking briefly at that page, none of those features look particularly cheap. You'd probably burn your $5000 on just finishing the underside of the floor joists to elevate the home on those pilings, to say nothing of their fancy shapes or high-spec materials.