Climate change is a major force in society, with real estate in just five afflicted cities expected to put $45.9 billion of Gross Domestic Product at risk, according to a new PWC report. The impact in states such as Florida is expected to be dramatic, for instance, with nearly 934 million homes at risk of being underwater, impacting 12.56% of the housing stock and costing $413 billion. With these dramatic impacts coming from what is a scientifically identified trend, the reaction from those in the real estate industry appears to be a yawn, according to PWC’s “Emerging Trends in Real…
PWC: Climate Change Puts Over $400 Billion Of Real Estate In Florida Alone At Risk
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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