Maybe Blackrock can help
Maybe Blackrock can help
They claim its because of "climate change". I suggest its because maybe you shouldn't build stuff where the soil is not safe and can collapse or in areas where your state refuses to mitigate fire danger/risk while defunding their fire departments and refusing to repair life saving infrastructure.
The hardest-hit states are Florida, Louisiana and California — which are expected to account for more than half of all climate-related mortgage losses this year.
Archive: https://archive.today/ororx
From the post:
>Home repossessions are rising — and one of the main drivers is something homeowners can’t control: climate disasters. Increasingly frequent hurricanes, wildfires and flooding are raising the risk of home repossessions, according to a new report from risk research group First Street. The study warns that climate-related events could lead to billions in lost mortgages due to missed payments and foreclosures over the next decade. The accumulating pressures of uninsured damage to property, tumbling home values and rising insurance premiums could see $1.2 billion in credit losses in 2025 alone.
Additionally around 19,000 properties could be foreclosed this year due to climate risk.
They claim its because of "climate change". I suggest its because maybe you shouldn't build stuff where the soil is not safe and can collapse or in areas where your state refuses to mitigate fire danger/risk while defunding their fire departments and refusing to repair life saving infrastructure.
**The hardest-hit states are Florida, Louisiana and California — which are expected to account for more than half of all climate-related mortgage losses this year.**
Archive: https://archive.today/ororx
From the post:
>>Home repossessions are rising — and one of the main drivers is something homeowners can’t control: climate disasters.
Increasingly frequent hurricanes, wildfires and flooding are raising the risk of home repossessions, according to a new report from risk research group First Street.
The study warns that climate-related events could lead to billions in lost mortgages due to missed payments and foreclosures over the next decade.
The accumulating pressures of uninsured damage to property, tumbling home values and rising insurance premiums could see $1.2 billion in credit losses in 2025 alone.
Additionally around 19,000 properties could be foreclosed this year due to climate risk.