How Climate Migration Can Impact Housing Affordability
“How can climate migration impact housing affordability?”
More and more people are leaving their long-held homes in response to climate stress. These people often move to nearby areas en-masse. Often times these new places do not have enough housing stock to accommodate the new arrivals, resulting in a market pinch, increasing the cost of living dramatically. For this reason, climate-safe areas will need to vastly increase their housing stock to accommodate future residents. This How Climate Migration Can Impact Housing Affordability.