Climate risks complicate the promise of homeownership

A report on climate change and housing describes how disasters, falling property values and rising insurance costs can undermine homeownership as a route to financial security. It follows an Asheville couple whose decision not to buy a home preceded Hurricane Helene’s devastating floods.

• Sierra Isley and her girlfriend backed out of buying a house in Asheville after discovering a large lien; a month later, Hurricane Helene flooded their rental apartment’s basement.· 1 source
• The article describes climate-related damage and insurance costs as risks to home values and affordability, citing projections and studies about potential losses.· 1 source
• Isley says the disaster influenced her plans: she is applying to public-health master’s programs and wants to work in emergency preparedness.· 1 source