Get Rich Slow Club 232. Will climate change crash the housing market? (part 1)
This week, we’re joined by Lacey Filipich, a former mining engineer turned financial educator, for a conversation that feels increasingly hard to ignore: climate risk and what it means for the future of property and insurance.
Some recent predictions suggest that by 2035, one in ten properties could become uninsurable. Lacey helps us unpack where these numbers are coming from, why they matter, and what they could mean for homeowners, investors, and the wider financial system.
We talk through ideas like “climate ghettos,” how changing insurance markets could reshape entire communities, and why this issue has the potential to affect the financial sector as a whole.
We won’t lie, parts of this episode are confronting. But it’s an important conversation to start.
We've also got you covered with a part 2 coming out on Thursday, where Lacey shifts the focus to what we can actually do, sharing practical steps and areas where we still have control.
Articles mentioned by Lacy:
- Find out more about your home’s resilience needs
- Report predicting up to 50% contraction of GDP by 2070 to 2090
- Report by Australian Ethical exploring high impact ways to lower your carbon footprint
Resources:
- Find out if your bank invests in fossil fuels (Australia)
- Find out which banks invest in fossil fuels (Internationally)
- Find out more about your home’s resilience needs
- Interactive causal diagram (see what needs to happen to get warming below 1.5 degrees)
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Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
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