The climate crisis will make housing affordability even worse

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 20 September 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The price of insurance premiums are not keeping up with the amount of risk homeowners face as the climate crisis plays out. A price correction is coming, a new report finds, and it’ll push housing affordability further out of reach. And later: How does tipping in South Korea compare to the United States?

Transcript

Click on a timestamp to play from that location

0:00.0	The 2024 election season is ramping up.
0:02.8	Marketplace is a trusted source for so many people
0:05.5	across the country, providing independent news
0:08.1	about the economy and how politics affects it.
0:11.1	Our public service journalism is powered by you,
0:14.0	our listeners, give what you can right now
0:16.4	during our fall fundraiser.
0:18.2	Every single donation is an investment
0:20.4	in the economic intelligence of you,
0:22.4	your community, and our country.
0:24.6	Go to marketplace.org slash donate.
0:28.7	Housing affordability in the US is about to get even worse.
0:33.7	From marketplace, I'm Sabrina Beneshore,
0:35.6	Infra-David Brunkhatchum.
0:36.8	There are some 40 million homes across the country,
0:39.6	which are paying insurance premiums
0:41.5	that are lower than what is needed
0:44.0	to cover the amount of risk they face from climate change.
0:46.6	And so a new report says a price correction is coming,
0:50.2	and it will make homes unaffordable
0:51.9	for many current homeowners let alone future ones.
0:55.8	Marketplace's Nova Sappho is here to explain high Nova.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.