Unpriced climate risk and overvaluation in US housing markets

[anonu]

https://www.nature.com/articles/s41558-023-01594-8

[harambae]

"...these costs become increasingly borne by American taxpayers, or alternatively become internalized by those who are directly exposed..."

Yeah it's always a downer, but we've really got to avoid the moral hazard of subsidizing people to live in flood zones or other problem areas.