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climate riskThe Atlantic
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74% Informative
Bob Greene : As wildfire and flooding turn assets into liabilities, homeownership is becoming a greater gamble.
Greene: Many economists think that, because home prices don’t yet reflect climate reality, a new housing bubble is growing.
How much bigger it gets will determine how much havoc it will wreak when it inevitably pops, he says.
Greene says the bubble will, at first , seem regional, until foreclosures and devaluations related to insurance hikes hit some critical mass.
These programs simply do not have enough money to bail everyone out.
Instead, governments could invest in adapting neighborhoods to be more resilient, by hardening and wind-proofing homes, or restoring wetlands so they absorb floodwaters.
In places beyond the help of measures like those, the only realistic adaptation may be to retreat to higher or less fiery ground.
VR Score
79
Informative language
83
Neutral language
38
Article tone
semi-formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
18
Source diversity
16
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