Some of the most highly valued properties in the United States are located in areas considered to be at high risk of wildfires, floods or droughts. Despite this current and growing danger, many Americans are still moving to climate change-susceptible areas.
This may be because some people are willing to take risks if it means living in their dream home. To better educate prospective homebuyers, real estate brokerage site Redfin now offers a climate risk assessment for every property with at-a-glance flood, drought, heat, storm and fire risk data. I’m here. Even with the power of this information, high fire risk homes sell for $120,000 more than low risk homes, according to his June 2022 report in Refin.
As demand for housing grows, so too does the impact of climate change. Homebuilders and homebuyers are expanding into fragile areas, known as undeveloped urban interfaces, where properties border or mix with natural lands such as forests and grasslands. A forest without houses on the edges and edges is just a forest. But when a developer introduces a commercial or residential property, it becomes the interface between wilderness and city, or he WUI. His WUI in the US increased by 33% over 20 years as measured by acreage. Nearly all of this increase is due to approximately 14 million new homes built on or along natural land.
Homes along the US coastline, especially along the East Coast, are also at risk. Within the next 30 years, sea levels are projected to rise by up to 1 foot. Up to 2 feet within 80 years. Although a few inches within the entire shoreline may seem insubstantial, this increase will result in more intense flooding and storm surges. of flooding can occur.
Mitigation measures, such as government purchases of homes in flood-prone areas, could be one solution to this problem. A 2019 National Building Science Institute report said it would cost the government $180 billion to buy his one million flood-prone homes nationwide. This translates into more than $1 trillion in cost savings for him that would otherwise have been paid for in federally subsidized flood insurance and disaster programs over 100 years.
It’s a privilege to move to a climate-sensitive place, even if it’s risky, and to leave it for safety’s sake. A 2021 study released by the Environmental Protection Agency found that coastal flooding, extreme temperatures and poor air quality disproportionately affect minorities and low-income groups. And climate gentrification (wealthy homebuyers moving from climate-sensitive areas to new locations, pushing up house prices and changing culture) for those already living in safe neighborhoods. is an indirect threat to their stability.
Experts predict that in much of the southern and southwestern United States, a move northward into warmer climates is ultimately a certainty for those who have the necessary means.
To better understand the climate-related threats facing Americans, Stacker cites Federal Emergency Management Agency National Risk Index data and U.S. Census Bureau net migration data for the period 2015-2019. We examined population changes due to migration in counties with the greatest and least climate risk in 2015-2019. It’s because
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