Climate Change Could Cost U.S. Homeowners $1 Trillion

The video discusses the potential impact of rising sea levels on the housing market, estimating significant financial losses over the next 100 years. Using NOAA data and Zillow's database, the analysis predicts which areas and homes will be affected. Despite the risks, people continue to prefer living near water, leading to more expensive homes being built in these areas. The video also highlights the need for future actions to mitigate these challenges, such as building homes on stilts and considering climate change in housing decisions.

What is the estimated financial loss due to water damage over the next 100 years?

• Close to 100 billion dollars

• Close to 2 trillion dollars

• Close to 500 billion dollars

• Close to a trillion dollars

Which data sources were used to estimate the impact of rising sea levels?

• NASA and Redfin

• USGS and Realtor

• EPA and Trulia

• NOAA and Zillow

What is the predicted sea level rise over the next 100 years according to experts?

• At least four feet

• At least eight feet

• At least two feet

• At least six feet

How are societal attitudes towards living near water changing?

• People are more interested in living near water

• People are only interested in inland properties

• People are moving away from water

• People are indifferent to living near water

What building practice is becoming more common due to climate change?

• Building homes with basements

• Using only wooden materials

• Installing solar panels

• Including air conditioning units