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This is the start of what I’ve been waiting for. But I don’t think we’ll see real action until the risk starts getting priced into coastal real estate, both dir
by projectileboy 7y ago
This is the start of what I’ve been waiting for. But I don’t think we’ll see real action until the risk starts getting priced into coastal real estate, both directly and indirectly (i.e. insurance and reinsurance).
- hollerith 7y agoI would have started with the assumption that the risks are already being priced into coastal real estate (because real-estate investors are not ignorant of climate change). What is your evidence that they are not?
- projectileboy 7y agoEmpirically, it doesn’t appear to be the case. https://www.trulia.com/real_estate/Miami-Florida/market-trends/ https://www.trulia.com/real_estate/Miami-Florida/market-tren...
- lotsofpulp 7y agoIt is priced correctly by non taxpayer funded entities. However, to buy the votes of residents in FL and TX and other at risk regions, the National Flood Insurance Program was created for taxpayers to pay for flood damage. https://en.wikipedia.org/wiki/National_Flood_Insurance_Program https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...