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People need to know it so they can determine the veracity of mortgage companies and insurance companies, etc. Those companies might not lie, but they might fudg
by drivingmenuts 2y ago
People need to know it so they can determine the veracity of mortgage companies and insurance companies, etc. Those companies might not lie, but they might fudge the numbers a bit and people need to know how much they’re being fudged. it might also help people just avoid an area where the landslide risk is too great, which they might not do if they didn’t know the risk.
- toomuchtodo 2y agoStrongly agree, excellent point. Zillow now surfaces climate risk data from First Street to users. The same should be done for landslide maps, to workaround stakeholders trying to avoid and hide the risk data to prop up valuations. Current landowners are simply pretending the value destruction has not yet occurred if they can ignore the data. Climate change isn’t simply forward looking expensive, it has already destroyed substantial value across various asset classes; markets just haven’t caught up yet with regards to price discovery. Very similar to the condo crisis in Florida. It’s always “extend and pretend” disappointingly. https://investors.zillowgroup.com/investors/news-and-events/news/news-details/2024/Zillow-introduces-First-Streets-comprehensive-climate-risk-data-on-for-sale-listings-across-the-US/default.aspx https://investors.zillowgroup.com/investors/news-and-events/... https://firststreet.org/ https://firststreet.org/
- toomuchtodo 2y agoCondo crisis citation: https://news.ycombinator.com/item?id=41956161 https://news.ycombinator.com/item?id=41956161 ("HN: Florida's new condo laws recognize the total price of living on the beach")