Banks and Insurance will call homes in these markets "collateral risk" no loans or coverage... Add me on insta @thisisjohnwilliams
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Glenn Kelman is the CEO of Redfin and has been for the past decade. He made a statement about real estate and the impacts that climate change plays on real estate. He believes that home buyers are not paying enough attention to the writing on the wall and that the impacts of climate change will change the ability that insurance companies and banks view properties in certain markets. He believes that these providers will call these homes "collateral risk" and he thinks that big problems are ahead in the housing market for these types of properties.
What do you think about this? Do you think that the housing market will show great weakness in certain sections of the country over climate change and the ability to secure insurance and bank financing?