16 lines
1.5 KiB
JSON
16 lines
1.5 KiB
JSON
{
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"HubID": "4493",
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"Date": "7/21/2024",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "",
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"Summary": "<p>A house on the New England island of Nantucket that was valued at $1.9 million recently sold for $200,000, because of climate change. </p><p>This is just the tip of the iceberg, as climate change from rising sea levels and increasingly catastrophic hurricanes, tornados, derechos, wind storms, rain deluges, hail, heat and wildfires makes property worth much less, or nothing at all. <br /></p><p>Large swaths of southern states, lower and central midwest states and low lying coastal areas will become very challenging to live in or even uninhabitable due to climate change in the coming decades. Think of the massive loss of wealth that people and business have in property that will evaporate. Think of the massive need for housing in northern states as the migration reverses. <br /></p><p>People need to think about moving sooner rather than later so they can extra value out of their property while they still can. And as companies reshore and reindustrialize due to deglobalization and resource constraints, they need to think ahead and locate in areas where there are fewer effects from climate change.<br /></p><p>https://www.axios.com/2024/07/12/nantucket-beach-house-cliamte-change-housing-insurance <span></span><br /></p>",
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"Notes": ""
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}
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