An Investment Expert Says Florida Homeowners Should Sell Property Now As Climate Impacts Worsen – WLRN
Article Synopsis – An expert on the impact of climate change on financial markets, is advising people not to buy homes in Florida and banks not to give 30-year mortgages to those that do. Spencer Glendon, a researcher at Woods Hole Research Center, believes that coastal homes in Florida will not be insurable in the near future, causing homeowners to default on their mortgages. This would cause lenders to stop lending and home prices to plummet. To read the actual article click here.