Can Homeowners In The U.S. Afford Climate Change?
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- Опубликовано: 21 май 2024
- From western wildfires to east coast flooding, climate change is wreaking havoc on American homes. In this thrilling and emotional documentary, CNBC follows life after fire victim Jenna Johnson narrowly escaped California's deadliest and most destructive fire, the Camp Fire. Meanwhile, standing in his flooding garage, Miami Beach resident Curt Dyer debates raising his house 4 feet to escape the water. Watch the full documentary to see how climate change victims are trying to protect themselves and their homes.
The rain fell steadily at Curt Dyer’s Miami Beach, Florida, home on a mid-July day this summer. He opened the door to the garage and pointed to the flood already collecting in his driveway. He said it wouldn’t be long until the whole garage flooded.
Even though he faces daily nuisance flooding, the 30-year Miami Beach resident said he is not considering moving. “It’s paradise living here.”
Dyer estimates he’s spending about $250,000 in renovation costs to make his home more resilient to flooding. While that figure includes some upgrades to the cabinetry in the kitchen, the main structural change will raise the driveway 3 feet and pitch it so water will flow into the street. He’s also raising his guest bedroom and bathroom 4 feet.
Jesse Keenan, associate professor of real estate at Tulane University, says these types of resiliency fixes, which are primarily available to the wealthy, create a game of musical chairs with home equity.
As long as homeowners like Dyer are able to sell their property at a higher price after resiliency investments, they come out on top. Eventually, however, a homeowner or bank could end up losing everything if a flood or other disaster destroys the house and makes the property unlivable. Over time, this risk will increase insurance rates and make it harder to get mortgages.
“We anticipate a rapid decline in valuation,” Keenan told CNBC. “Only the wealthy can afford to live, for instance, in high-risk coastal areas, because everybody else can’t insure it and won’t be able to get a mortgage.”
In fact, homes exposed to sea level rise sell for about 7% less than their unexposed counterparts, according to a study published in 2019 in the Journal of Financial Economics. That discount jumps to 10% when the owner of the property is not living there.
Flooding is the most common and most expensive natural disaster in the U.S., according to FEMA. Ninety percent of all natural disasters in the U.S. involve flooding and just 1 inch of water can cause $25,000 of damage to a home.
A 2018 Insurance Information Institute survey found that only 15% of American homeowners have flood insurance. Keenen fears all this combined will lead to a situation where only the wealthy will be able to protect themselves from climate danger.
Dyer said registering his flood claims has been relatively simple but he and his husband are paying out of pocket for these major renovations. But it’s worth it to make his dream home complete, and he expects Miami Beach will continue to be livable for at least another 20 years.
“If I didn’t have the resources and the capability to make the repairs, I would probably have no desire to live in these conditions in this environment. It would be unacceptable. But I do have the resources. I have the ability to make the correction. So I’m going to do it,” he said.
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Can U.S. Homes Survive Climate Change?
Good thing I'm a millenial and can't afford a house.
hahaha jokes on them
Idk about you but how much tesla stock do you own , old fart????
Pretty sure most millennials have been buying tesla stock and bitvoin and becoming millionaires , what are you doing ?
@@RoschetzkyPhotography I lost money on bitcoin and only made a few thousand off of Tesla. I need like $300k for a down payment on a house.
@Question Everything I'd need to make over 200k a year. I would have to go into a different career field and it would take 15+ years to get to that salary, plus a lifetime of student loans. There's more stopping me than just me.
Him: I don’t believe the area I live in will be completely underwater in 30 years
Also him: every time it rains my house floods and the city is spending millions of dollars to add a sewer system that will only reduce the flooding by a few inches
He’s literally swimming in denial
I know right? He also says he won’t even have to think about moving for 50 years.🤣🤣🤣🤣 Buddy, the COAST will have moved by then. And your house will be in the ocean. Wake up!
Yes, it was very obvious to me as well.
They are having 3 feet of flooding already, and thinking about raising the house 3 feet.
They need to raise the house 10 feet.
On top of that Miami sucks ass and has no quality of lifestyle anymore. Idk why he's so pressed.
America is doomed
What are the options, however? Sell the house? Ok, then someone else has the problem. Any homebuyer buying a house that expensive will be savvy enough to figure out, oh, this is a flood zone and either not buy it or say, "Yeah, you've got to sell the house for $300K less so that I can fix this.
To me, if I'm going to spend a quarter of a million dollars raising my house, I'm not going to raise it 3 feet, I'm going to go as high as zoning will allow! If an extra $25K allows me to go up 5 feet, then I'm doing that. And they should be prepared to raise it again ten years from now (or less).
Imagine repairing the house every time it rains…
Cardboard boxes are not the best houses.
that actually happened to me in new york 2 times before ida and once during ida lol
@@sazanadora565 get used to it, because it will continue at an accelerated rate henceforth.
@@johndoe1909 Yeah we had to upgrade our house to get some waterproof stuff in the areas it flooded hopefully it should not flood again from normal rain but if there is another hurricane same thing will happen
ruclips.net/video/Vtf5HUxHq_Y/видео.html
I made this for climate change. Mother told me :)
I remember years ago a group called “climate scientists” warned us about this, and every corporations was like: “poof.. where is the profit in that?” Now that climate change starts to affect their money making machines, they are like: “OMG climate change is an issue! Why didn’t anybody tell us about how bad it is for our money?”
There is still a lot of money pushing the politics of climate change denial.
It's the people who send you their "thoughts and prayers" when a disaster hits.
@@rogerwilco2 no there not its the oppsite
@@Steven9567 actually, he's right. The Koch brothers, and several other oil tycoons bribe right wing media to say climate change isnt real. Fox news, Breitbart, etc. And worse yet, their lobbyists bribe Congress to do literally nothing, that way the issue doesnt get fixed.
@@nukiradioso did the other side they both bride to get what they wanted but they been saying for decades "manmade climate change" will destroy us they keep moving the goal post when the supposed date arrival when are you guys going to get its a scam
The climate was changing before our time, and it will continue to change after our time.
The thing is, a lot of people living in high risk areas aren't actually paying the full price of what it costs for them to live there. A lot of the costs are being pushed off to the rest of us, just like what's happening with carbon emitting companies not paying the full cost of their carbon emissions.
Couldn’t agree with you more.
Couldn’t agree with you more.
How ?
@@Q_QQ_Q costs are passed on through higher insurance premiums and higher taxes, that go to programs like FEMA
So what you're saying is that the people in this video, people living in high risk areas, (most of the peninsula of Florida is built on swamp and coastline, much of California is arid but populated by people with lush green lawns and pools who are pulling water via redirected rivers and man made resevoirs from other states) are spending massive amounts of money to live in trendy hipster locations and then crying foul when the natural and predictable events rock their worlds and they haven't set aside the capital to deal with these events, or spent the money, time and effort to prepare their homes and properties accordingly where possible. Hurricanes, tornados, wild fires and flooding are natural phenomena. Even oceans rise and fall. Build your house in a low lying area, over a saturated swamp, next to an ocean, in a wet climate... what do you think is going to happen? Ohh but the neighbor hood is so idylic...
"It has to be connected to climate change, it has to be connected to something, this is not normal, sure fires are normal, but the camp fire was not normal" It seems abnormally bad because it normally doesn't happen to you, and you never even conceived that it could. Climate change is real, and its normal, and it probably had nothing to do with that fire. Fires happen in dense woodlands. That woodland hasnt burned in centuries, so it was ripe for a burn. Stop blaming the boogie man.
Imagine paying $2 million for a house that regularly floods, it's absolute and utter absurdity. Folks, if you're planning on buying/building a house please be conscious of these things **BEFORE YOU BUY**.
@Incomeking Not really.
because taxpayers will always bail you out
You will own nnothin and you will be happy
The problem is you can't be sure what it will look like in 20-30 years. Even the predictions may not be accurate.
Doesn't FEMA pay for the flood damage? Some people move into those kinds of places knowing that even if did flood, we would all pay for it.
When realtor friend said the housing market was on fire I didn't know he meant literally
.
Lmao
They got a 45 minute documentary only interviewing two upper middle class families. One of which drives a 4runner and complains about climate change. Other news organizations like Vice and PBS Frontline do so so much better reporting
Bro, I love my 4Runner, got the TRD pro. So sick dude.
CNBC isnt a news reporting organization, its a propaganda/tabloid organization
@@mrrey8937 yeah, but are you down with 4runners?
@@Jerrythill yea....
@@mrrey8937 word
Love when conservatives just say "sell your house" or "if you don't like it, move" -- like who is going to buy a house that floods every week??? or that can't get insured for fires???
why should you care if others can sell or not? i mean if you happen to buy a house did you do your homework and look up the flood map before buying a house? had you called your insurance company to see if you can insure the property? it's not about the political side, those are things you should know before buying a house. if you throw down 400k on a home then start worrying about climate change... you have a priority problem, not a climate change problem.
Conservatives are known as willfully ignorant people. They would rather listen to other willfully ignorant Republicans and not learn a damn thing about planet Earth or science.
Well half the country dosen't believe its real. So we are doomed
@HunterBidensCrackPipe says who? Trump, MAGA crowd and conspiracy theorists….not exactly the sharpest tools in the shed
@@davidr2299 and who says were doom the guys who fly in private jets the same guys say will be doom in 20 years witch they been saying the past 40 years
@MFFUniverse climate change is real all countries contribute to climate change. The burning of fossil fuels increase the planets temperature. This is fact and has been known for over 50 years. Nearly every single scientist believe in climate change
Not quite... if you're talking about maga, a lot of those people are farmers, etc. so they do realize what's going on. There are even young conservative groups around the country that are pushing for climate action. As for "half the country," you're talking about half of those who vote, which is about half the nation's population. So maga is about 1/4 or less... maybe 1/5 total of the nation.
it's so "real", Madison, that the world is INCREASING its consumption of coal, oil and gas. Are you *that* stupid to believe that people care about climate change?
I wouldn't live there just for the mold factor, then lol, they think that's worth 1m? I wouldn't step foot in there.
If America keeps going this way, you'll be lucky to coo a squat anywhere. #Blessings
well its because they live in a nice neighborhood by the beach, it's like living in Malibu or Manhattan beach in California, its simply what it's worth even though many of us wouldn't necessarily "step foot in there". The median home price of California's Newport Coast is about 1.8 Million so I would imagine they could be around the same price in Florida depending on where the house is.
@@emsdaddyyy Miami Beach isn't the only famous beach in Florida Caoco Beach Daytona Beach etc. houses that would've cost less than 200,000 30 years ago now cost over 1,000,000 for example my paternal great grandmothers house on Lexington Street in East Boston is currently appraised at 775,000 granted its a 3 family house on a double lot built in Georgian Style in 1910 when she bought the house in 1940 she paid 4,000.
@@courtneypuzzo2502 yeaaa i know that
New Orleans is actually a BOWL that sits BELOW Sea Level. Why would anyone want to live there beats me. Seems the Gulf coast is going to need huge seawalls to exist.
"This little amount of rain already caused flooding".
"The driveway is flooded"
"The garden is flooded."
"My car was under water."
"When we opened the door, water rushed in."
"This house is worth a million dollars."
Denial not's just a river in Egypt, it's flooding this man's house.
Worth 2 million after they raise it 4 feet and prevent flooding for a single year.
Please dude fix the house and sell it for any offer over a million and gtfo
The USA has been really, really poor at its urban planning and zoning regulations.
The USA seems to have very little mind for any kind of prevention or preparedness.
And certainly not at a national level.
The lady from Paradise is so clearly only thinking at an individual level, not at a collective level.
"Give me liberty or give me death!" takes on a whole new meaning.
Take away the lanes. Huge waste of area.
Is this true about america
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That lady is & her husband are just dumb!
"USA" and "collective" are incongruou
I'm an engineer working in America my manager said climate change is hoax, I was just stunned by his words
Read the Climategate Emails ....then if you still feel the science is "settled" I would like to offer you a really good deal on purchasing the Statue of Liberty.
Oh, I forgot, I can't sell you the Statue of Liberty because it will be completely under water. I can sell you Mount Rushmore if you're interested.
Thats why he is your boss, he isn't indoctrinated.
I think people who deny it are just scared about what the truth of climate change implies. It's psychologically too devastating for people to accept, so they act out by screaming HOAX!!
@@nikkimack5994
*RE: "I think people who deny it are just scared about what the truth of climate change implies. It's psychologically too devastating for people to accept, so they act out by screaming HOAX!!"*
No Kiddo, people aren't afraid of "climate change" at all, even if the climates were changing, (there are untold thousands of climates so if don't like one, just pick another.) which they are not, why would anybody be afraid of the weather. It sounds rather infantile.
What we are afraid of is "money change" (our money going into the pockets of the billionaires who are funding this fraud). The USA has had no climate change at least since the pilgrim set down at Plymouth Rock in 1620. Neither has the rest of the world.
None of the billionaires who fund this fraud believe a word of it, they are
just paying a lot to make enough of the gullible believe it so they can soak all of us and make us poor and them billions more so the can trade in their
executive jets for bigger ones to ferry their asses around the world in style from their sea side villa to their mansions.
Where do you live and how has your climate changed?
It is unbelievably frustrating knowing that most of us knew this as kids, most of our parents had an idea of this, and the rich absolutely know about it and the older generations took a loan out on the future betting that the profits they made then could be enjoyed in their lives before this happened.
Yes, and I am "old" but I've been an environmentalist since childhood. We learned about plastic not decomposing in my school when I was 6. So I've been anti plastic and low waste incl repair, 2nd hand, early circular economy thinking etc. no car, etc all my life plus I'm vegan. I want the best future for not just my daughters but for all living beings on our only planet and I've done/will keep doing all I can for that purpose....sadly what you said is true for many greedy and short sighted people
@@chrilin5107 This video's first sentene mentions Money. Oh wow.
You must be joking..... Serious? It is always people with nervous problems who break the bond first. Psychiatry has a lot to do when all the pingers have to have therapy for all their feelings. Now its about the fake narrative, global warming. The socialistic agenda will never end!
As an architect, I’m always thinking about these things, especially when we do work near the water. Take a few minutes out of your day and look up your home on the FEMA flood maps, know your flood zone. To put it simply if you live somewhere near water, low-lying, or otherwise prone to flooding… make sure your home is raised and probably don’t have a finished basement!
Is this true about america
ruclips.net/video/NqvQT8jqsK0/видео.html
Make sure to look at the "once in one thousand years" flood maps because in 20 years they'll be "once in ten years"
This is what has happened since 2,000 in Australia when 1 city (Brisbane) had 3 "once in 1,000 rears" flood and Lismore had 2...
Got to love how he lives in area that gets flooded and applies for government assistance. You live in a million-dollar home, if you don't like it getting flooded either pay for the renovations or get out, stop asking for a government handout
And you notice the cars these people are driving, the clothes they are wearing. These are upper middle class people, business owners and spoiled rich kids. A business owner driving a BMW, a California (most expensive place to live in the country) mom, driving a pretty nice 45-55k SUV considering what their property must have cost, living in an idyllic community named "Paradise" (that must be cheap in California) acting like a victim when reality hits them that they bought a home for style and convenience instead of reason, practicality and safety. Look at the backgrounds, these people aren't living in motels or crappy apartments now that they've lost there homes, they're still living better than 90% of the country and we're supposed to feel sorry for them for the risks they took or their ignorance to those risks?
@@MDC_1985 I get what you’re saying. In the case of the pair in Miami, I prefer them to stay and fight it out than go run further inland and gentrify places like Little Haiti where historically poorer and browner people live. To the point where they can’t even afford to live there anymore.
There is a doc from Vice about that issue actually.
Imagine living in New Orleans and complaining about floods when you're city is actually built in a basin, below sea level.
@@MDC_1985 Did you listen to the story? This "california mom" lived in the home their husband grew up in. Common American story, I would say. She's a realtor, says right there in the video. An SUV (most popular vehicle segment in recent years btw) doesn't save you from being displaced, she concedes her opportunity to live in the house of an acquaintance was fortunate. She's still a victim of disaster, many had it worse, few had it better.
Do a bit of abstraction - this is a story about homeowners specifically, renters and everyone from lower income brackets obviously face more challenges in the same circumstances. You can clearly hear how none of this is restricted to well-off forest villages or gated communities. The entire state of Louisiana and surrounding coastline is at elevated risk, so is much of the east coast, and huge areas in the West. This encompasses the vast majority of the US population.
Assessment of risk isn't straightforward when our projections rapidly evolve over the years - see the flood score missing on the realtry website. Flood maps I've worked with rely mainly on historical data, some are flat out outdated, this is insufficient to assess risk in the time of climate change. Hindsight is 20/20, fact is that Paradise could ward off routine fires for decades until 2018. You shouldn't be expected to reject every location that has a chance of getting annihilated in a rare disaster half a century down the line - the only people who can afford such precaution are the rich. It's on municipal/state/federal government to prevent and mitigate catastrophes, not on the individual.
What are you going to do? Not live in any area that can be hit by either floods, fires, hurricanes, tornadoes or cold snaps? Find me that place, go ahead and start a motion to put dwellings and job opportunities for 150 million people there.
You aren't supposed to feel sorry, this is an illustration of what kind of situation homeowners are in and how the industry, nonprofits and the legislature are going to be needed to adapt. You don't want these people to be ruined, you don't want dozens of millions of people fleeing inland.
this trash is now celebrated and even awarded. so weak & pathetic.
Interesting reflection on that one highly engineered home on Mexico Beach that survived Hurricane Michael intact. Sure it’s an island in a sea of destruction, but it’s also setting a great example for the rebuilding process.
The reason why it survived was because it was 5 to 10 ft higher than the rest of the houses. A wall of water is very very powerful. The storm surge pretty much stripped all the other homes off that track of land except that one house. The smartest owner builds a house similar to the shape of an airliner. It will have a tail on the end of it and it will spin in the direction of the wind. Think about an airliner for a second. They can fly at 350 mph and panels are not ripping off the side of the aircraft. The reason why! Because the airliner has almost no parasitic drag.
Due to rising sea level, the rich has fled to their beach house.
Exactly! So cheap to rent and buy beachfront.
Obama and Al Gore families are avoiding the rising sea level by building mega-mansions on the beach.
Trump and Republicans families in general would love this.
more like sold it to the dumb ones.
those guys bought property in florida that floods every time it rains.
let them grow gills if they're that stupid.
They should stop building houses out of wood, it doesn't make any sense.
I actually like brick houses. I was obsessed with the three little pigs, lol.
The issue of climate change was always an issue of economics! It should have been framed in this way from the beginning, if the risks to assets was placed in the forefront, maybe this politicization that happened around it would have been avoided.
I wonder what giant industry changed the conversation and came up with ideas like carbon footprints. 🤔
Definitely not exxon and friends lol
It's a literal existential threat to humanity but God damn it somebody think of the property damage!
climate change is fake once you studied history..
last time in the 1300 the ocean conveyor belt stopped we ended up in an iceage from 1300s to the 1850s
remember this was before the discovery of fossil fuels..
This stuff has be going around since the 1930’s and now where in 2021, there’s not a answer to this kinda of stuff, just like cancer there no answer why we get cancer, you can be in the best shape of your life, eat well and you still get cancer for no reason. This is why Climate and cancer are two factors that have no answer to it.
@@kyuremcjn8406 actually if we stopped building new roads and houses it would help
We are so screwed. 45 minute video and not one minute of it deals with the actual problem.
It dealt with the subject. Homeowners affording climate change
23:23 did you catch it? "How to prevent it ON YOUR OWN." That's the problem in a nutshell. We're all out here alone and without any support. That is until we learn to see our neighbors' problems as our problems. Solidarity y'all.
So what, you want to live in a high risk area and you shouldn’t be responsible for anything in regards to the risks with living there, someone else should do everything? Take care of all of it? Nothing is your responsibility. That about sums up the entirety of this countries problems. No one should have to do anything or be responsible in any way for their own welfare, safety, happiness or prosperity. Let’s just all do what feels good and let someone else make it all work out for us and pick up the pieces when it doesn’t.
There is nothing you can do to stop a Hurricane, literally nothing. There is nothing you can do to stop a tornado. All forests will eventually burn, some might burn every 5000 years, others every century. Eventually the circumstances will present themselves, enough dead timber will accumulate, a dry season will occur and lightning will strike. Preventing areas from burning that would do so naturally only hurts the environment and raises the risk of an even larger, more fierce fire when something does ignite, be it a natural or unnatural ignition. Uncle Sam can’t always protect us from mother nature, and it’s not always responsible for protecting us from our own ignorance when we challenge her.
@@MDC_1985 how did you go from "we should do everything ourselves" all the way to "we should do nothing ourselves" without hitting "communities should use teamwork for big problems"?
@@bgiv2010 I didn’t suggest that we should do nothing ourselves….. You seemed to imply that “how to prevent it on your own” literally meant that there was nothing being done to begin with. My point is that people seem to act as though they shouldn’t be responsible for anything and that when very bad things happen, it is always someone else’s fault. I’m suggesting the people should be taking more responsibility for their circumstances, both to be pragmatic in their choices, be well informed before they make them, and do more to prepare themselves for unfortunate circumstances that are potentially going to be fall them, prepare for reasonable risks that exist. I don’t mean prep a bunker for nuclear war, I mean clear trees near your home, landscape to protect from flooding, keep an emergency fund for storm damage, understand the threats to an are before you buy a home, don’t buy a home that you can’t afford to prepare, maintain or fix, etc.
@@MDC_1985 No. I'm saying you were saying that MY POINT was that we should do nothing ourselves. Why would you think that?
@@MDC_1985 I was only saying that I don't know what the word "community" means if people are thinking about climate damage (prevention, mitigation, and restoration) in such singular terms. I look forward to neighbors being neighborly, again. We're in this thing together.
They couldn't get any actual survivors of katrina? It seems weird this third hand account.
Bro it's been 16 years since katrina.
Seems weird to me too. They were good about the young lady they did speak to illustrating the disparity of the predominantly minority ninth Ward versus the inaction of majority action on climate change. It would've been nice to hear from a survivor of Katrina
America money crisis ruclips.net/video/NqvQT8jqsK0/видео.html
Just because you want something doesn’t mean you should have it. We tell that to children all the time and yet as adults, we don’t listen.
"yet as adults, we don’t listen."
There is no WE. You can choose to listen, or not; and to whom.
@@thomasmaughan4798 the whom, are the scientist and the we is the people as an entity.
I couldn't agree more. I'm guilty of wanting things and not necessarily taking into account the negative outcome of my consequences. e.g. Chasing tequila with wine.
@@jeremygibbs7342 "the we is the people as an entity"
That is a presumption I do not share and believe does not exist. It is usually not difficult to persuade you to reveal who is not really included in "we" (Republicans, usually). Bit by bit we (you and I) prune who is included in "we" until eventually it just means "you".
i'm getting everything i earn, including automobiles that burn lots of oil and gas, and vacations that takes lots of kerosene
For the couple in FL, It's nice you have the resources to secure your home against the rising tide of climate change for the next 10 years. If you had children, and wanted to leave a generational property, you would be thinking about the next 50 years. Also, where are your solar panels?
... And why do they assume their surroundings will remain habitable?
Is this true about america
ruclips.net/video/NqvQT8jqsK0/видео.html
Love living in the disaster free (mostly) Midwest! It's very sad to hear about the circumstances elsewhere in the country. Best of luck to all of you!!!
Grass(Grains) Fires might be in your future.
We were getting smoke, making the air quality dangerous,from the Boreal Forests of Northern Ontario and Manitoba burning this summer.
Floods, heatwaves, wildfires smoke etc etc lol what are you talking about. No region is safe
@@micahgelfand8282 No floods, wildfires, tornados, earthquakes or hurricanes in Chicago yet. I imagine we'll see lots of people moving to the area as the situation continues to deteriorate.
@@ianhowell4015 and don’t expect that to go well. There’s definitely going to be major conflict between longtime residents and new residents over resources and opportunities
So the insurance company just refunds all the premiums you paid over the years and doesn’t pay the coverage amount? Well that’s a neat trick.
america under crisis
ruclips.net/video/NqvQT8jqsK0/видео.html
Happens all the time here in FL, state insurance commission & federal regulators let them get away with it too. 1 thing to keep in mind, you never, NEVER see an insurance company go under. They are so well protected that it's doubtful a cataclysmic meteor strike would make them go broke. The REAL enemy is, as with most things, GOVERNMENT!
@@acemobile9806 How do they do it? Is there a loophole in the contract or in the law?
I love how she like : Omg, Climate change is so bad, forest fire burn my house, will driving a big ass 4Runner that probably heat the atmosphere just by looking at it!
People who live in higher risk areas should be paying their full cost of insurance. If they do not want to pay the costs move. The general public should not be on the hook for people who voluntarily live in higher risk areas.
Exactly
Problem with that is that we know now that the area at risk is growing with each passing day. Drought, floods, fires and so forth is going to go up and up the coming years and the areas affected will grow larger. We know this for a fact now. So the only question is; how do we handle that? The next phone video of an oncoming catastrophe can very well come from your phone.
How can many people afford to move if they can't sell their house? What if the risk changes after they bought their house and then the value decreases and they are under water on their mortgage?
@@mtgibbs that is a real problem. If you bought a beachfront property in Florida the last decade, your without excuse, sea level rise and flioding wjere on the table and the projections and models where chrystal clear, you took a gamble. If you bougt it fir lets aay 50 years ago, well then things are different.
@@mtgibbs California has always had issues with fires. If you build in a forest there is a good chance your hous will burn. Society should not be on the hook for stupidity. Miami has always had issues with flooding. How stupid do you have to be to build your house in a floodplain. The risks have gotten higher but those risks were always there.
Some insurance companies have pulled out of California and stopped writing new policies because of the losses are too big.
Most
Just like in Florida… but people keep moving there
Not only that but the destruction was so widespread some families didn't get paid until 18 months later. By that time they moved and didn't rebuild, just took the money.
that's what happens when a canyon area in the Sierras goes from having ZERO people to 25,000+ people. it's too expensive when there's a man-caused fire.
I’ve foreseen these “issues” in the southern and western states many years ago; that’s why I avoid living in those states.
Financial crisis in america true or not
ruclips.net/video/NqvQT8jqsK0/видео.html
Move to Midwest
@@deepeshmathuria the midwest has horrible floods too, esp. farmland.
@@NoraGermain Uh, plenty of the Midwest isn’t in any flood plain. It’s the most stable area of the nation.
Why do these news organizations always leave out Hawaii and Alaska from their maps
Crisis america
ruclips.net/video/NqvQT8jqsK0/видео.html
Can we, (the USA) “afford” climate change??? The very fact that this question is rooted in a money centered paradigm is a profound expression of our toxic way of life that has led us to this cliff fall….. It’s also USA centric and human centric, both toxically dislocated from reality.
The more you have, the more you have to lose. Owning less means less anxiety… focus on what is “normal” needs to shift, since that system was created by humans to begin with. We’re trapped in a system *designed by us* ,which is ridiculous.
Our collective life philosophy needs to change
Van Life is becoming more popular all the time.
No, this will hit those without resources, buffers and safety nets the most.
The rich can bounce back, or take preventative measures.
WRONG it's a system designed by a handful of people to only benefit them selfs
@@robvannNS So is homelessness....
@@Eidelmania ie. not having a van to live in? Lots of people live in vans as their home.
Miss lady from Paradise should have listened to her husband when he first called her. She is lucky to be alive.
A good start: quit building on offshore islands, in flood plains, and downhill next to volcanos.
Is this real america crisis ruclips.net/video/NqvQT8jqsK0/видео.html
It will never cease to amaze me the people CNBC chooses to interview for these types of stories. It is almost like they sit down and think hmmm how can we get the most unrelatable entitled out touch people and they always find them.
I think you missed the point?
35:50 lol what?? Kansas boy here: it's very humid and flooding is a very real risk in some areas because of how flat everything is. It's very expensive for local governments to install decent drainage so when it rains, it generally sits where it fell
The boom towns are mostly in coastal flood zones, or in the megadrought covered southwest.
Growing up I always thought it was crazy people wanted to live where tornadoes form and destroy everything. But now I live in a place where earthquakes frequently happen.
🙏thank you, for educating with experience. My prayers to all people affected.
I love all of the plastic bottles and cups at Oxfam video meetings. So many ironies in this mini doc. What is this video really about? It seems like its about people not acknowledging the vastness of change it takes to keep their communities.
Make sure you use the proper pronouns!
Born and raised here in NY. People that move here(around the Buffalo area) are wildly ignorant about being prepared for winter. You need a backup heat source, you need an emergency plan if you have to leave, you need to have enough food and water for several days on hand. We may not get blizzards every year like we did in December 2022. But we most definitely get at least 1 major snow storm every year that can(and usually does) know put power for several hours and even sometimes days.
I Live On Long Island NY Just Nextdoor From Upstate New York I Was Always Prepared For New York Winters But No Snow In 2023
Excellent video. This was fascinating.
The house that keeps flooding - is the actual issue not perhaps that no houses should have been built there in the first place? I know where I am some areas may not be built on for various reasons. I don't know if its even worth raising that house...
But hey, who cares if it floods all the time, its a trendy neighborhood and FEMA will cover us, right?
You can raise the house but what about the roads?
@@evelynullman8360 Venice solved that with gondolas.
@@blaydCA let's sell them flippers.
@@evelynullman8360 raise the house 4 feet so it won’t flood for a year or two
Thank you for this video. So many more people are blind to the reality of climate change! I hope this makes people regonize that it is real and affecting real people
🤣
It's man-made...created by design
Just yesterday there was a story on NPR that HUD has been selling homes and not disclosing that they're in a flood zone.
Lies: unless you pay cash for the entire amount:
In order to get a lender to help the buyer get a home loan; the seller must provide a current title report from a licensed title company. The title company will in turn require a current land survey from a licensed professional land surveyor.
The land surveyor will survey the property on site and will also research land records and local flood maps provided by FEMA. The survey will disclose what FEMA community panel the property is located in and whether it is in a flood prone zone or not.
The survey report is required for insurance purposes. Local lenders and local title companies all know this.
@@johnjanuary9949 FHA doesn't require any background checks since when HUD owns to property, it's title is free and clear. The title company is only concerned with the title being clear and transferrable. Homeowners insurance doesn't check into flood risks because the insurance doesn't cover floods. The only one selling coverage on floods is the US gov't.
Property owner rights beats out common sense every time.
38:04 they are talking about climate and all that yet have a table filled with one way plastic
And all of the plastic parts cars have now....
I liked the way American commenters here all talk about other self-centred selfish things except for the grief of these people and the longer term and extremely serious issues of climate change that is gonna happen and change the lives of everyone in the world. Such a huge lack of empathy and foresight. You guys should be ashamed of yourselves.
The response to this video is insane, these people baught in safe areas that had never burnt before and now that the climate is changing they're getting blamed? Fossil fule company's did this, not house buyers, i cant even be mad at climate change deniers honestly, they too have simply been manipulated by fossil fule companies, we need to stop blaming eachother for being "dumb humans" and realise that we are all dumb humans and were all at the mercy of these corporation's.
Tad bit overly emotion there!
All that's going to happen is one side is going to argue nothing is happening & ignore all that's happening while the other argues that there is a problem to fix & nothing is actually going to get done & the end.
We definitely need to start thinking outside the box when it comes to addressing ways to prevent and survive climate change.
Too late.
@@davis7099 Will never happen when people think they’re the “greatest” no need to improve.
we're doing it, Anderson. it's called living through the changing weather
The thumbnail illustrates some fabulous photo and graphic work! 👏👏👏
Yup true brother. I saw another news is this real about america crisis
ruclips.net/video/NqvQT8jqsK0/видео.html
I remember Al gore telling us about this when I was 9 . It was 2004 and his prediction about what’s happening now was 2030 or 2050 so the fact that it’s happening now it’s just crazy .
A huge percentage of Americans still deny climate change and mock the scientists who have tried to bring this information to the public. Even subsistence farmers in India are better informed than Americans in general. We are not and will not be prepared for this. In fact, the entire take on this reportage, regarding money, investments, etc. is a good example. The primary issue should be preserving the planet for all of life.
If my neighbour’s house burns down, I can buy the remains at a fire-sale price.
probably not as insurance will build a new house from the old.
How about suing big oil for reparations to the public ? Because the climate problem will be with us for the next hundred years or more. Even if it means nationalization of the oil companies. We will have to do it.
How about going after the ones who via the courts put management of the forests in abeyance? The result of well-intentioned environmentalists has made the forests a tinder box. The release of those gases, particulate and smoke far out ways what cars do in the last years.
@@shaniquaadams8951 You can cast blame wherever. But the most powerful forces in the world are the energy companies and all big industry dependent on them . If they sneeze , everyone gets the flu.
Ed Denoy may you find out just how dependent you are on them. It ain’t only the corrupt.
The lack of urgency is why the Paradise fire got so out of control. Everyone’s mentality was it’s just another fire, no big deal. Nobody took the time to ensure their homes were fire safe. This is why it was so easy for the fire to ravage the area
Yeah, like some people thought the high temps in June/ July 2021, in Oregon, Washington and British Columbia were "just another Heat Wave"!
Don't have to worry about house surviving climate change if you don't have a house. *taps head* #vanlife
I'm in Canada the housing market is insane my city the price of a house is almost half a million
Oh, so the inflation and housing bubble was secrelty a 4d chess move to help with climate change, brilliant!
@@kenzieplays890 Damn only half million thats a deal no wonder they're selling quick , in my area 1 million will get you 1000 sq ft 2 bedroom house
But is your van electric? *taps head*
When SHTF there won’t be any gas.🤷🏼♂️
When people choose to live in areas prone to storm damage, the real question is, stay or go. Choosing to stay means you face more damage related expense.
How do you propose to control the weather?
HOW YOU PROPOSE SOMEBODY JUST GET UP AND GO
Aren't there many formerly "industrial" cities, now "ghost" cities in the middle of nowhere in the USA? Why not renovate those places and move displaced peeps in?
Yeah
Industrial pollution in those spaces would be very costly to mitigate. Were talking about radioactive materials, banned pesticide residues. And the question becomes do the displaced persons have to pay for all that renovation
Exactly and they should build tall buildings there so everyone can stay out of nature
Biggest threat to mankind, yet people and governments around the world are still discussing it instead of taking global action.
I think people won't change until temps got too high and a lot of living things will die the we "may" see changes in people's behavior. Until then, peace.
Stop buying monster truck
They're gonna attack you for this and call it "their freedom"
@@gidd Nah, I have the freedom to write what I want ; )
@@ActPsychological to be completely Fair, a monster truck would have been the best vehicle to have in these extreme events as it would have allowed you to go over the most type of extreme Terrain. Would you rather have a big truck or a Prius during a wildfire in the middle of a forest?
Buy a Freedom truck instead.
@@Tential1 My point was about reducing carbone release into the air to avoid these events in the first place...and yes I do believe you can escape safely a wildfire in a small car
Maybe its time to prioritise decisions nature made for us rather than being an ignorant and staying in critical areas just because you enjoy to live there. Nature is gonna WIN sooner or later.
the real question is.. Can ANYONE afford to even be a homeowner in the US.. They got us so messed up we cant even think about anything other than the basics needed for survival.
“The rich will adapt “ yeah because they can just buy what they want. They’re pointless
Is this true about america
ruclips.net/video/NqvQT8jqsK0/видео.html
@@tubeamv4275 yes
@@Amandauniversehub thanks for letting me know
and guess what we’re gonna do to stop it?
that’s right!
say where gonna do something about it
and then due nothing and kick the can down the road!
Good thing I can only afford rent and live on a third floor. Then again, the worse thing that happens here is blizzards and ice storms.
I like these 45 minutes format, good job
The headline question is if we can afford climate change and I guess the simple answer is yes. I guess it's possible for those that Want and are willing to make some sacrifices. It's possible if there are places that have proper urban planning keeping climate change as a focal point to prepare for. Walkable cities. Building up, more residential high-rises over commercial store fronts again, surrounded by and pocketed throughput with easily accessible nature. Spaces for communal food scaping (designed by professionals). Incentivize companies like Amazon to financially support better recycling centers (particularly of plastic).
Our culture Needs to normalize reducing/reusing/recycling rather than one time use addictive practices.
When insurers start collapsing, the stock market will quickly follow, then banks. Intelligent planning and large-scale disaster-resistance retrofit are the only things that will protect against complete financial collapse. Continued blind development is generating excessive negative-value risk.
Is this true about america
ruclips.net/video/NqvQT8jqsK0/видео.html
So far as I could tell everyone in this story currently drives gas cars and had no solar on there house.
Big believer in being the change you want to see in this world.
Especially that lady from California. I drive a 4Runne like her. Gets 17 mpg. And she bought a newer one that is at least nearly 40k. And high gas taxes in CA. And she's sad she cant afford to rebuild. Jesus.
@@baronvonjo1929
Europeans have been getting 50, 60, 78 MPG for some time, since the Oil Companies cannot legally "Bribe" Politicians with Campaign Contributions.
Those people are not so righteous.
@@rdelrosso2001 I'm sure that has something to do with it. But average American and Canadian Citizen obviously heavily assist them by actually buying gas guzzlers.
They are just the more popular "cooler" choice. And a nation wide gas tax that made gas as expensive as elsewhere would probably hurt the economy greatly. So many folks use gas guzzlers. The top 3 best selling vehicles are all trucks. And also include all the fleet sales of vehicles.
So its proably down to politics but you cant ignore the fact that this is what the consumer base wants.
You're doing the industry's work for them by focusing on the consumer choices of individuals.
I was pleased and surprised to learn about the smart and well spoken Jasmine Sanders of Our Climate. She's from Monroe, La., which is where I'm originally from. I believe she even went to my high school, though she's younger than me. It's nice to see success stories from a small town like Monroe, and to know that even people from my little hometown are out there making a difference in the world.
I live in a low mountain range area. As a kid I always thought: no matter how high the sea levels will rise it won't be 500 yards, right? Probably not but where will the people go to that live near the waterside now? (Tip: probably higher ranges) And I didn't foresee that flooding can also come from above - the probability of heavy rains has skyrocketed to 20 times higher within the last 15 years alone. It is frustrating trying to make my older family members understand that the house won't be safe in the future just because the highest flooding caused by heavy rain so far didn't reach its foundations. Also: the house is located on a wooded mountainside. The forest sponging up the rains so far is dying faster and faster due to increasing dry spells and the resulting bark beetle plague. Up to now the only precaution they take is buying a handful of sandbags. I guess sooner or later the insurance will rise higher than the potential floods...
Ngl that thumbnail was just perfect
As a futurist, I would ask why we are not building seawalls (and border walls) for our most at-risk regions and cities, hardening and strengthening the nations electric grid, and plumbing and irrigating this entire country for multiple grades of water distribution and for the disposal of waste fluids and solids to centralized processing and recycling facilities. Why do the oil companies vent off hundreds of billions of gallons of natural gas in their drilling operations - to keep the price of the product up - too much supply means prices drop and they don't see the profit in that because there is none. It is simply wasting an irreplaceable natural resource in order to insure short term profit. Why is this gas not collected and stored in hundreds of Trillions of units for use in the future by us and we can sell surplus to the rest of the world when they run out - but we will still have ours and plenty of it too.
Nope, nope, nope ! SIT ON ANWAR ! Save it for ourselves when the rest of the world runs out - we'll use theirs first !
The guy in Florida - Hey ! Lift your house ! That's a no-brainer ! He says that he has the resources to alleviate his dilemma, so...
You want to eliminate C02 ? Cover every bare square inch of the planet in forest !
Eventually, at current rates, the forests, worldwide, will be gone in what? 500 years ? Then what ? Start growing the forests for the future NOW !
All of these things are NOW ! They need to be dealt with now and started now.
It seems that everyone today is living only in the moment and solely for themselves and no one is looking to the future of this great nation for the next 1,000 years or more.
Musk, Branson and others are trying, but only, it seems, in limited areas of human evolution such as AI and ?implantable brain devices? and new technology that includes earthbound transportation and spaceflight. Everyone and anyone, who, deep down, gives a @#%& about their progeny should be concerned about the future of this country and the world. I'm sure that many are, but not as far as the aspect of looking that far into future goes for all intents and purposes.
I have a plan that would eliminate the need completely for commercial air travel, 90% of commercial sea-fairing cargo traffic and 90% of the worlds truck traffic.
How much C02 would that take out of the atmosphere ?
I see a worldwide clean water distribution system and irrigation of deserts.
I see Chernobyl and Fukashima vanished from the face of the earth (a very simple process - ask me ! I haven't heard anybody say anything like it).
Mr. Kaku would be proud of me for this solution.
Hanford, Washington. Very simple fix to the nuclear problem there and for the six million people living downstream from there on the Columbia River.
If this Hanford problem is not dealt with swiftly, it will lead to everything from Hanford to Astoria being a nuclear wasteland as well as further nuclear contamination of all of the oceans. Hanford, Chernobyl, Fukashima and all of the nuclear waste stockpiles worldwide (not necessarily in that order) should be of prime importance to all humans collectively.
I can water L.A., Phoenix, Las Vegas AND Denver AND the entire Front Range from Casper to Albuqerque AND irrigate the entire central region of our nation, while re-energizing the aquifers - EACH - 4 times over - for the next five thousand years - they would never want for water again !
I can fill Lakes Mead, Powell and every reservoir on earth (and maybe even a few seas) to 100% capacity in just 2 years time.
Captain Picard irrigated an entire planet in "The Inner Light" episode.
How would the crew of the Enterprise solve these very simple problems that we have today ? With common sense and determination - that's how !
I can mitigate and dissipate tornados and hurricanes - imagine that ! That would make the insurance companies very unhappy.
Think I'm pulling your leg ? Think again !
All of my ideas, all of them, each and every one of them, pay for themselves with dividend checks going to all of the worlds citizens equally.
I have a shovel and a bus ticket for every citizen on the planet ! Along with that goes - worldwide population relocation and resettlement.
Of course, because I am no one, none of my grandiose ideas and visions will ever be realized by myself or humanity. Sooooo...
What shall we leave for our progeny - paradise ? or disaster ? Utopia ? or anarchy, destitution, desolation, decimation, decadence...
This is OUR WATCH !
Do we want them to look back on us and say "Wow ! Those were some smart people back then", OR "Wow, what were they thinking" ?
The choice belongs to you, me, all of us. Let's pray that we make the right decisions now and not after it is too late !
It's really too late, especially since some 21 self reinforcing feedback loops are triggered. We have locked in 2 degrees c and any mass change will only come if it makes the rich richer. Once we have an ice free Arctic, that will make like unbearable for a couple billion people trimming the population down to what the planet could have supported had we took out head out of our axxes 50 yrs ago and factored in the price of oil use into cost to society then the market could have turned towards other sources of energy less damaging. But all civilizations collapse and it could be our species, as well in the next 100 yrs.
Excellent documentary.
Why buildings on a ridge? Did no one tell them that fire races up a hill ten times faster than it burns on the flat? You’ve NO chance on a ridge in a bush fire zone.
When are the wasteful rich going to wake up? You shouldn't be going up Miami, the smart and rich are building bunker's, and that's down. But if your rehabbing sheetrock 3 feet up the walls. Just use plastic or waterproof concrete. Poor people don't waist anything
You choose to live there. You have the to take responsibility for everything that comes along with it. Natural disaster has been a part of life ever since humans started walking on earth. Stop building houses in places prone to it.
Well.... nature disasters are getting worse because of climate change and where exactly do you propose everyone living? The coasts have floods, hurricanes etc, there are tornadoes, droughts and floods etc in the interior. Fires in the mountain west, heat waves and winter storms like the one in TX recently
Very good video 👍
I grew up in Richmond in Surrey and my playground was Richmond Park. I wrote about this in Firstgreensteps because there has been such a worrying decline British wildlife.
This is important, no doubt. However, maybe do some more stories on how first time home buyers are being priced out of the housing market to begin with.
Housing should not be a commodity, nor an investment opportunity for capital owners. How are average Americans supposed to compete with cash offers on anything that isn't a dump?
Don’t live in high risk areas, if you choose to do so, don’t complain about it, it’s not that difficult to understand.
These are new changes that just started happening within the last 15 years and are getting big enough to now do something about.
Yeah they should have been forward thinkers and planned ahead but most people failed to get honest with themselves and see the potential climate change had to impact human life. Much less the earth. They are all paying for it now.
There is a lot of money and politics involved in keeping people ignorant, against science in general, and climate change specifically.
This is especially strong in the USA, because it has an easy to corrupt election system.
It is so clear to me from the lady from Paradise: she is only thinking about individual action, not about larger collective action with her whole town, county or state. She is also not thinking about this as a political problem or adjusting her life to have a smaller carbon footprint.
There aren't a lot of "low risk" areas. Every region is being affected
What if more than 50% of your country is already below sea level?
Greetings from the Netherlands.
ruclips.net/video/nXR7SfW7ndM/видео.html
PS. How is your country's attitude towards (climate)immigrants?
I feel so bad for those in Cali or Arizona. The areas I used to live in have been hit so badly... now I am happy I've left the US 13 years ago.
Where did you go?
The fact that people still want to bear children without a care in the world is beyond my understanding. I suppose ignorance is the peak of bliss at this point.
Looks like your parents were pretty ignorant!!!!
Don't you like feel really guilty for being born??
But if you really care, why just off yerself?
No one would care but you would get a nice feeling that yer making the planet colder!!!
where the hell do you guys come from, anyway?????
@@jennifersmith4864 lol
No, they're cheaply made to maximize profits
Basically, we fix the problem once it's a problem.
It’s like so many people don’t acknowledge these problems until it’s too late.
Were gona die
The Trillions of US dollars wasted on foreign wars should have been spent on the citizens of USA on better infrastructures, fire & flood prevention, and plans to deal with worsening climate change.
I find it funny that people are looking to government for answers. The inflation they have created has grossly increased rebuild costs in this country.
Well, i can't believe am saying this, but here is to hoping insurance companies won't offer policies to people moving in those areas. Like i get why FEMA pays for the damages of some people living in flood areas but it would be better to help those people that can't afford to move to some other areas than keep giving them money when the expected disaster happens
Simple answer: *NO*
Thanks for saving me 45min
Thanks whichever God helped me got my house 35 meters in a hill above sea level ,,, and my 6 cylinder 3.0 liter bmw iis safe ... i will be living just by the sea when I'm 65 years old 😱😱😱😱
The cover image is very illustrative for the topic
Let me give you the short answer: we can't afford anything that's happening in the world right now
People don’t live without anymore. I’m only in my 30s and have noticed my generation stomp their feet if they don’t have the biggest and best . If we want change which is all we hear about , we need to do without a lot of luxury . Go back to simpler less consumption ways that used to exist .
This was definitely filmed before hurricane ida destroyed the east coast
Yeah you can if you live in states where no one wants to live in like Ohio where I live. It's like people want a hurricane or wildfire to blow them away lol.
Yeah I would rather take my chances with natural disasters that may ruin my life than live in Ohio that is certainly going to ruin it.
Honestly don’t know what Ohio has to offer but if it’s good people might reconsider
I like Ohio. Jobs, sports, recreation, 4 seasons etc.
@@merickel1 don't forget museums, amusement parks, zoos, aquariums, ect...
Funny, I say that. In 50 years everyone will be running back to the Midwest.