ski resort housing bubble coming with global warming
Wudja believe housing prices in ski resorts could drop as much as 24% with global warming of 2°C?
That's just one of the findings reported by the Federal Reserve Bank of SF in a review of research on Regional Variation in the Potential Economic Effects of Climate Change (via econview).
The authors looked at research from snow country that documented housing price drops after no-snow years...and then extrapolated the results.
Of course, the report notes we can expect "substantial subcontinental variation in the potential impact of climate change, largely due to differences in the existing climate."
Other findings include:
- U.S. yields on corn, soybeans, and cotton are likely to decline by about 30–80% with larger declines in yields expected in warmer (mostly southern) states than in cooler states.
- Arizona and California may see noticeable increases in mortality.
Kewl...I mean, warm!
Leave a Comment
You must be logged in to post a comment.