On The Market 24: Climate Change: Why Top Investors Are Paying Attention (and You Should Too) w/Cal Inman
Climate change and real estate. Most people would say that they’re related, but not in a substantial way. We all know that homes can flood, catch fire, or be blown away from a tornado, but how many real estate investors are looking at the climate risk data before making a real estate-related decision? Institutional investors have been using climate change data to make educated decisions for decades, so why aren’t we doing the same?
Cal Inman, lecturer at UC Berkeley and principal over at ClimateCheck, saw that real estate developers were regularly looking at climate data to make decisions. As a small landlord himself, he struggled to find this same type of data for his residential properties. As fire and flooding became more prevalent throughout the United States, Cal knew that this data was imperative for homeowners, not just large-scale investment firms.
Now, thanks to ClimateCheck, homeowners, buyers, and sellers can look at the climate change-related risk before they put any money into a property. Cal also shares why and where climate risk is rising, the safer parts of the US to invest in, and how different regions of the country are preparing for more elevated climate-caused catastrophes. If you’re investing on the coasts, in the plains, or anywhere in between, the data could completely change your investing strategy.
In This Episode We Cover
How real estate developers use climate data to make better investing decisions
Whether or not climate risk is rising and in which markets is it impacting the most
Why coastal investors especially need to be specific about where they decide to buy
What small investors can do to mitigate the risk of losing their properties to climate emergencies
The impact climate change will have on US migration and renting/buying trends
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Find an Investor Friendly Agent in Your Area
Check Your Home’s Climate Related Risk with ClimateCheck
Redfin and ClimateCheck’s Guide to Climate Data
How Much Risk Does Climate Change Actually Pose To Real Estate?
Connect with Cal:
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-24
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