The climate crisis is already here, and the cost of real estate is being directly affected. Insurance premiums are skyrocketing, costs to build are rising, and your reserves need to be bigger than ever. Tornados, hurricanes, fires, and floods threaten your properties, so how do you protect yourself from what’s coming? Where are the least-affected areas, and how do you ensure your rental property portfolio doesn’t go up in flames or get drowned out by the rising tide?
Moody’s Analytics’s Natalie Ambrosio Preudhomme is on this BiggerNews to talk about one thing—climate catastrophes. Natalie spends her days looking through data on the financial implications of climate risk and how she can better help real estate investors navigate around or outright avoid the most devastating effects to come. Plus, researching what you can do to prevent property damage if you're in an at-risk area.
Natalie outlines how climate risk will force more local governments to increase regulations (and fines), the safest investing areas in the country, and whether the sky-high insurance premiums can continue. Whether you’ve got rentals, commercial real estate, or just own your own home, these risks WILL affect you, so pay close attention to Natalie’s insight.
In This Episode We Cover:
The financial implications of severe climate risk that go FAR beyond just rising insurance prices
New government-enforced emission regulations that will affect businesses
The areas of the country that will be least exposed to rising climate risk
The skyrocketing price of insurance premiums and why Natalie says something’s got to give
Could the cost of construction rise as new energy-efficient homes become the standard?
And So Much More!
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Climate Change: Why Top Investors Are Paying Attention (and You Should Too)
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https://www.biggerpockets.com/blog/real-estate-895
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