How Hurricanes Blow Home Prices Through the Roof
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 19 October 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
Buying a home is already so expensive in America, but climate change is poised to make it much worse—even if you don’t live in the path of a hurricane. This week on How We Got Here, Max and Erin take a look at Florida to understand the thorny problem of insuring a home in a warming world. They break down how the insurance system is trying to account for ever-increasing risk, and explain why people keep moving to the places that are hardest hit by climate change.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Aaron I was away on a trip this weekend and while I was there you know I opened up Zillo. |
| 0:04.2 | Oh it's not a real vacation until you've opened up Zillo. |
| 0:07.2 | Right, well I saw something interesting when I popped it open. |
| 0:10.0 | A climate risk score. |
| 0:11.6 | Turns out that cute beachside bungalow I had my eye on |
| 0:14.8 | is a 9 out of 10 for flood risk, |
| 0:17.1 | i.e. being underwater by 2050. |
| 0:19.6 | Ooh, from dream home to Goldfish Castle. |
| 0:23.0 | But why on Earth would Zilla, which you and I both know is a fun app where you play a game called |
| 0:28.0 | Could I afford to live here? |
| 0:30.0 | Why would Zilla want to bum its users out with climate change information? |
| 0:33.6 | Don't they want to sell houses? |
| 0:34.9 | Many potential buyers want to know what is the area's climate risks before purchasing a home. |
| 0:41.0 | It really takes all of our climate hazard data, which is developed at a property specific |
| 0:45.2 | level for floods, wildfires, hurricane winds, drought, heat, and even air quality from wildfire smoke. That was a Fox affiliate report because for homeowners even after saving for a down payment, |
| 0:57.5 | applying for a mortgage, winning a bidding war, redecorating the whole damn thing and living there for many years climate change now means |
| 1:05.0 | their houses could literally be priced out from under them. Well it sucks for |
| 1:09.3 | more than just the future owners of that beach house it sucks for everyone because Max we are all |
| 1:14.4 | connected in the great circle of life? No something even more important the pool of |
| 1:19.2 | high-risk homeowners insurance. I'm Max Fisher. |
| 1:24.6 | I'm Aaron Ryan and this is how we got here a series where we explore a big question behind |
| 1:28.6 | the week's headlines and tell a story that answers that question. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from What A Day, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of What A Day and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

