Quote:
Originally Posted by jyl
Regardless of the cause or politics, it is pretty much clear that in the coming decades climate change will make part of the world harder to live in, including of the US.
Most of the reading I've done indicates that the southern part of the US will be hotter and have more extreme weather events, the lowest lying coastal areas will be more often flooded, the west will be on average hotter and drier but also with more extreme rain events. The northern areas - northwest, midwest, northeast - will be warmer with potentially more severe rain/storm events and also more flooding of low areas. Dunno about the effect on locusts and earthquakes :-)
Real estate is often a long term hold. People may live in their houses for 20, 30, 40 years. Or own commercial property for generations. So, is it time to start thinking about future climate change when picking your RE investments?
Looking at maps like this https://projects.propublica.org/climate-migration/ make me think all that low priced RE in the Midwest might be pretty interesting. |
Totally dependent on your timeline. Looking 20 years from now it is unlikely you will notice any difference from climate change unless you can dip your toes in the ocean from your front porch now. 100 years from now the possibilities become much broader and we could potentially get anywhere from +0.2C- +4.0C from human impact. Whether that will be benign or catastrophic depends on how much warming we get and how fast.
There are a dozen other factors with RE investment that are far more important than climate change IMO. Access to ample clean water, access to energy at reasonable cost, political stability are on my short list.