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Wednesday, August 25, 2021

A new analysis by Redfin, a real estate brokerage, reveals more Americans are moving into areas that face the highest climate risks than ever before.

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I'm a little surprised by this. People who live on the coasts and in high-risk areas reasonably lean to the left who are likely to accept the realities of climate change....so why take the risk on such properties if you believe it's really happening??

#1 | Posted by eberly at 2021-08-25 03:31 PM | Reply

@#1 ... why take the risk on such properties if you believe it's really happening?? ...

Get rid of the government flood insurance, and watch the trends change...

#2 | Posted by LampLighter at 2021-08-25 03:35 PM | Reply | Newsworthy 1

2

or price it appropriately.

But I wasn't referring to the risk of an event like a storm/flood/fire, etc...which can be insured.

I was referring to value of the home over time.

People don't seem to be concerned about it.

#3 | Posted by eberly at 2021-08-25 03:38 PM | Reply

Climate change involves more than just rising sea levels. It includes global and regional water shortages and, separately, food shortages. Unbearable/unlivable heat in certain places such as the Middle East. Seismic economic changes in all coastal cities. The development of gill mutations in future generations. The list goes on and on.

#4 | Posted by moder8 at 2021-08-25 03:42 PM | Reply

@#3 ... or price it appropriately. ...

Rather than changing the price, I'd take a different approach, one that I've seen mentioned a few times.

For each piece of property there is allowed to be only one insurance claim for rebuilding. After that first claim, government insurance is no longer available to the site.

That would eventually take the government out of the insurance business for people who want a nice view on the government's nickel.

#5 | Posted by LampLighter at 2021-08-25 04:19 PM | Reply | Newsworthy 2

@#1 ... People who live on the coasts and in high-risk areas reasonably lean to the left ...

From the cited article...

..."Counterintuitively, people are moving to places with higher climate risk," said Daryl Fairweather, chief economist at Redfin. "And it seems like climate, although it's something that people care about, is at the bottom of the list or it's not the top priority."

For example, migration to Wasatch County, Utah, just outside Salt Lake City, is up almost 15% in the last five years. But Wasatch County has the third-highest fire risk in the US, with 96% of the homes there at risk, according to Redfin. The area became even more popular in the last year amid the pandemic, with people looking for affordability, more space and proximity to the outdoors.

"2020 saw some of the worst wildfires we've ever seen in Utah," said Ryan Aycock, agent and market manager for Redfin in Salt Lake City. "I don't necessarily believe that it's going to slow down the people moving into the area. It's still extremely affordable. It's still a very desirable place to live compared to a lot of places."

Affordability appears to be a big factor. Of the 50 counties with the largest share of homes facing high heat and storm risk, more than half had a median sale price below the national average of $315,000, Redfin found....



#6 | Posted by LampLighter at 2021-08-25 04:24 PM | Reply

6

Yeah, I saw California and specifically LA along with Florida coast and Austin, TX and I assume these 50 counties were all much more expensive places to live.

But most of of them aren't like that.

#7 | Posted by eberly at 2021-08-25 04:37 PM | Reply

"I saw California"

Of course you did

And you thought it was an opportunity to run your usual program

You know, cause all those "liberals" don't appear to be subservient to perceived "liberal" dogma, apparently to your surprise , (but not mine)

#8 | Posted by ChiefTutMoses at 2021-08-25 05:20 PM | Reply

8

Don't worry Savage, nobody is keeping tabs on the risk associated with your tent.

#9 | Posted by eberly at 2021-08-25 05:25 PM | Reply | Funny: 1

^
You should know

You know everything

#10 | Posted by ChiefTutMoses at 2021-08-25 06:26 PM | Reply

"Fly, you fools!"

-Gandalf

#11 | Posted by earthmuse at 2021-08-26 05:39 AM | Reply

There seems to be quite the influx into the FL Keys, where the property is ridiculously expensive, the sea is rising and the elevation is - well, water in some streets low.

#12 | Posted by Doc_Sarvis at 2021-08-26 08:10 AM | Reply

12

That's what I think is so odd.

#13 | Posted by eberly at 2021-08-26 08:46 AM | Reply

@#13

If the people know the risk, and are not relying on government insurance to bail them out, whether it is flooding risk or fire risk, then I have no problem with someone moving where ever they want to move.

My main concern through all of this is the people who knowingly buy in risky areas knowing that the government will give them cheap insurance to rebuild. The government should get out of the business of encouraging people to buy risk-filled property.


#14 | Posted by LampLighter at 2021-08-26 10:56 AM | Reply

#13 EBERLY
Me, too. Seriously, a head scratcher.

Although ...

#14 LAMPLIGHTER
While it's hard for me to wrap my mind around that kind of thinking, I take your point. And if you've ever spent much time in the Keys, it makes a weird kind of sense since you'd definitely encounter that kind of logic..

#15 | Posted by Doc_Sarvis at 2021-08-26 11:14 AM | Reply

Here is where I'm going with this.

Climate change is such a hot political issue that I think it has clouded people's true beliefs.

There are lot of people who have bought property in these areas, paid big bucks for it as well.....and if asked, they will say "yes, I believe in man made climate change".

Do they? They really believe it?.... because to say you believe it is just words and we all know actions speak louder than words. If these people TRULY believed it then WTF are they doing buying property where they KNOW it's a big risk.

That sounds like only something a denier would do and although I have no evidence of anybody's political ideology who bought any of these properties....reason tells me that homes bought in many of these areas such as the Atlantic Coast, Florida Keys, California, etc....many of them were bought by climate change believing liberals.

This is the paradox. Enlightened, educated, successful people believe in climate change.....trailer house dwelling rednecks do not. Which group do you think is more likely to be buying properties in these areas?

What I'm suggesting (not declaring or knowing....just suggesting) is that many many many people SAY they believe in man made climate change......but only because they are uncomfortable of being labeled a denier. It's too socially taboo to not admit you believe it.

This issue is so damn political that it's more about socially acceptable political views rather than truly accepting the scientific reality of it.

That's my point.....and it's just my 2 cents.

Now....you can all respond with your rage and intolerance.

#16 | Posted by eberly at 2021-08-26 11:14 AM | Reply | Funny: 1

#16 What Eberly is identifying is the lack of leadership.

People will say they want to protect the environment, but absent an Environmental Protection Agency, they just won't.

The challenge here is there's no way for a Capitalist system to monetize saving the environment.

Al Gore (among others) tried making a carbon market, which is a way a Capitalist system can monetize saving the environment, and people simply couldn't wrap their head around it. Largely because Republicans politicized the issue. The same system worked just fine for acid rain. Republicans failed to politicize acid rain.

#17 | Posted by snoofy at 2021-08-26 11:33 AM | Reply | Newsworthy 2

@#16 ... This issue is so damn political that it's more about socially acceptable political views rather than truly accepting the scientific reality of it. ...

The politicization of climate change started when Big Oil enlisted the help of some right-wing think-tanks (PACs?) to fight the emerging scientific consensus via politics. Acknowledging climate change was going to affect the profits of Big Oil, and they (Big Oil) couldn't let that happen.

From that point onward, it has been more of a political issue to many.

#18 | Posted by LampLighter at 2021-08-26 11:33 AM | Reply

@#16 ... This issue is so damn political that it's more about socially acceptable political views rather than truly accepting the scientific reality of it. ...

When I first read that sentence in your post, I initially thought of all those who are choosing what politics lead them to think of as "freedom," instead of wearing a mask or getting a COVID vaccine.

#19 | Posted by LampLighter at 2021-08-26 11:44 AM | Reply

18

completely agree.

#20 | Posted by eberly at 2021-08-26 11:50 AM | Reply

Eberly completely agrees that the GOP politicized climate change, and Eberly is a Republican.

So, by Eberly's argument in #16, does Eberly really believe in Climate Change?

#21 | Posted by snoofy at 2021-08-26 11:57 AM | Reply

19

Also agreed

#22 | Posted by eberly at 2021-08-26 01:06 PM | Reply

That's what I think is so odd.
#13 | POSTED BY EBERLY AT 2021-08-26 08:46 AM | FLAG:

It's not odd. The US real estate market, and by extension the entire US economy, does not believe in Anthropogenic Global Warming. Degrowth studies are resoundingly rejected by voters in both parties. People would rather helicopter water to big horn sheep in a desert than conserve anything.

#23 | Posted by sitzkrieg at 2021-08-26 01:14 PM | Reply

The optics are so ironically bad. We have a Climate Change Envoy that sold beach property guaranteed to flood and get hit with an increasing number of ever more powerful hurricanes and bought... sinking beach property guaranteed to flood and get hit with an increasing number of ever more powerful hurricanes... at least do like the other billionaires and move to Jackson Hole. The flight isn't that long and you mostly work by phone anyway.

#24 | Posted by sitzkrieg at 2021-08-26 01:22 PM | Reply

23/24

It really reveals the reality that people take a political position more than a scientific one.

Deep down, I wonder if most people truly believe in the science. It makes me wonder if people are simply preferring political convenience

If I tell everybody I'm a firm believer in man-made global warming and that I further believe the predictions of dire consequences coming and then announce I just bought a $2 million house in Key West, you might wonder if I have a screw loose

#25 | Posted by eberly at 2021-08-26 01:29 PM | Reply

Almost all the retired cops I know have or are moving to AZ. Crazy, but they tend to be the GQP types who don't seem to understand climate science, or are too engrossed in Reichwing social media and Faux Spews lies to understand that everything they are absorbing is utter BS.

#26 | Posted by _Gunslinger_ at 2021-08-26 02:40 PM | Reply

Al Gore (among others) tried making a carbon market, which is a way a Capitalist system can monetize saving the environment, and people simply couldn't wrap their head around it.

#17 | POSTED BY SNOOFY AT 2021-08-26 11:33 AM | FLAG:

That market is booming for carbon credit derivatives. You can buy credit default swaps on carbon credits and have been able to for over a decade.

#27 | Posted by sitzkrieg at 2021-08-26 04:03 PM | Reply

Do they? They really believe it?....
I believe in climate change and I have an expensive house on the California coast.
Optimism bias, bad things wont happen to me. SOP for most people.
Humans arent built to deal appropriately with climate change. The best we can hope for is to engineer our way out of a total apocalypse.

I don't have kids. So I don't worry too much about what will happen to people once I've shuffled off this mortal coil. When my nephew inherits my house it might not be worth a tinkers dam, I wont care, I'll be dead.
Happy Extinction.

#28 | Posted by BluSky at 2021-08-26 08:20 PM | Reply

"I have an expensive house on the California coast."

There's other kinds? ;)

#29 | Posted by snoofy at 2021-08-26 08:39 PM | Reply | Funny: 1

I'm a little surprised by this. People who live on the coasts and in high-risk areas reasonably lean to the left who are likely to accept the realities of climate change....so why take the risk on such properties if you believe it's really happening??

#1 | Posted by eberly

Well there are these things called high paying jobs. I know they don't have many of them in trumpland. But liberals need to live near them because we have highly paid skills.

No one is going to quit their luctrative job in tech to hide from climate change in west virginia.

#30 | Posted by SpeakSoftly at 2021-08-26 08:54 PM | Reply

No need to quit.
Just work remote.

#31 | Posted by snoofy at 2021-08-26 08:58 PM | Reply

Deep down, I wonder if most people truly believe in the science. It makes me wonder if people are simply preferring political convenience

If I tell everybody I'm a firm believer in man-made global warming and that I further believe the predictions of dire consequences coming and then announce I just bought a $2 million house in Key West, you might wonder if I have a screw loose

#25 | Posted by eberly

Or you're rich so you can always buy another house. Likely you already have one.

Deep down, you want to pretend the problem is MOST PEOPLE, when in fact, as always, the problem is much more prevalent in the party you keep putting into power with your vote, but you need to play your BOTH SIDES game as always.

If climate change worked the way covid does, the map of climate change damage would look like the covid map - mostly a red state problem. But unfortunately, climate science deniers' harm is spread much further than covid science deniers' harm.

#32 | Posted by SpeakSoftly at 2021-08-26 08:59 PM | Reply

It really reveals the reality that people take a political position more than a scientific one.

#25 | Posted by eberly

Thats be design. When it became clear that science concluded oil was changing the climate, oil corporations launched a massive political propaganda war to make it political. They made climate change a liberal concern, which made conservatives fight hard against climate action since their only principle is to oppose liberals on everything.

Big oil played the dumb republican base like a toy fiddle. All they had to do was convince you science was a liberal conspiracy. And since they sucked in school, they were already eager to believe it. It's better to believe the subject is corrupt than to admit you're just a dummy.

#33 | Posted by SpeakSoftly at 2021-08-26 09:03 PM | Reply

That was early 80s. We don't even have to rewind far to find highly controversial science designed by the author to "Make population control part of normal political debate".

Population Bomb 1968. It's evolved into modern Degrowth Science. The ones saying it's time to sell your battery cars and homes and downsize 90%.

#34 | Posted by sitzkrieg at 2021-08-27 01:01 PM | Reply

Population Bomb 1968. It's evolved into modern Degrowth Science. The ones saying it's time to sell your battery cars and homes and downsize 90%.

#34 | Posted by sitzkrieg

No one is saying that, except big oil paid propagandists posing as environmentalists to scare dummies into opposing saving the climate and hurting their profits.

#35 | Posted by SpeakSoftly at 2021-08-27 01:39 PM | Reply

Yes, they are. You are just ignoring the science because it doesnt fit your existential belief of saving the environment through technology.

#36 | Posted by sitzkrieg at 2021-08-27 02:13 PM | Reply

You are literally calling Greta Thunberg a shill of Big Oil.

#37 | Posted by sitzkrieg at 2021-08-27 02:14 PM | Reply

Yes, they are. You are just ignoring the science because it doesnt fit your existential belief of saving the environment through technology.

#36 | Posted by sitzkrieg

So what? If I link to the wiki page for pedophilia does that prove republicans are pedophiles?

Greta is a kid, not a scientist.

No one on the left in politics is pursuing that agenda. Republican fear mongering about fighting climate change is the same as their fear mongering about vaccines. And it comes from the same idiots.

#38 | Posted by SpeakSoftly at 2021-08-27 02:51 PM | Reply

#38 | POSTED BY SPEAKSOFTLY AT 2021-08-27 02:51 PM | FLAG:

Greta is a leading voice for environmental advocacy with a large social media following, and the voice of Degrowth of her generation. Degrowth is far more popular in Europe than in the US, since our left always lags behind theirs politically, and the science will guide UN policy and not give a ---- about what Republicans think.

Do you even have a position on the Simon-Ehrlic bet and can state it without looking up what it was?

#39 | Posted by sitzkrieg at 2021-08-27 04:15 PM | Reply

Do you even have a position on the Simon-Ehrlic bet and can state it without looking up what it was?

#39 | Posted by sitzkrieg

Are are we giving each other tests to establish our environmental/scientific cred now?

Sweet. Here's one: Which party has been resisting fighting climate change for decades, and up til recently was denying it was even happening? Follow up question - have you helped elect any leaders from that party?

#40 | Posted by SpeakSoftly at 2021-08-27 05:06 PM | Reply

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