A New study She revealed a horrific fact: trillion dollars in residential properties in the United States is at risk of severe destruction due to a trilogy of disasters that were exacerbated due to the increase in global temperatures: forest fires, floods and strong winds.
With the intensification of these harsh weather events, millions of owners of homes may face financial and emotional disorders-in addition to the increasing difficulty in selling real estate in high-risk areas.
What is happening?
A Zillow study I found that the $ 17 trillion homes are in a high risk of wind, and 9.1 trillion dollars are at risk of damage to wild fires, and 7 trillion dollars may suffer from severe floods at the rate of current disasters that have been exacerbated due to the change of temperatures and weather patterns.
The report highlights Los Angeles as the city with a total value of homes at the risk of massive burning – approximately $ 831 billion – while New York City faces the largest threat to floods with $ 593 billion homes. Miami closely follows at $ 580 billion.
The severe wind damage is a greater financial burden, with real estate worth $ 3 trillion in New York City, $ 1.4 trillion in Miami, and $ 1 trillion in Boston among some of the most vulnerable.
Zillow results also indicate that homes in high-risk areas are less likely to sell at the original insertion price-which indicates that buyers are increasingly This dangers put In their decisions.
Why is this anxiety?
So what does this mean for the state of residential real estate in the country?
For one, the tremendous financial effects related to multiple levels. Home owners may fight for reasonable insurance insurance, as insurance companies usually withdraw from high -risk areas or significantly raise prices. Meanwhile, growing disasters still analyze societies, leaving not only financial losses, but also deep emotional and social scars.
Beyond home owners, complete, complete American housing market You can feel the effects of ripples, with the decrease in the values of homes in certain areas while economic inequality grows with the presence of low -income societies Threats.
What can be done about it?
Treating these risks begin with stronger policies and more intelligent planning. Cities can adopt tougher construction codes, invest in floods, and ensure insurance remains available to domestic homeowners. Programs like Help relieve floods in Fema Help financing the height of the house and move to reduce possible losses.
TCD Options »Emergency Spotlight
💡upway makes it easy to find discounts of up to 60 % on the distinctive brands of electronic bikes
For home owners, check tools such as Riskfactor.com It can provide an insight into the real estate and flood fire and wind exposure. Protection promotions-such as fire-resistant roofing, storms, and high institutions-can help to protect homes and reduce insurance costs.
Society also plays a major role. Local efforts such as the prevention of wildfire, flood -resistant landscapes, and emergency preparation plans can reduce damage and save lives. While financial and emotional risks are high, today pre -emptive steps can protect homes, financial security and entire societies from the increasing threat to harsh weather.
Join the free newsletter Good news and Useful tipsAnd do not miss This wonderful list In easy ways to help yourself with the help of the planet.