A rising number of American homeowners are ready relocate this year due to extreme weather events and other climate-related concerns.
Some 49 percent of those who own a house are considering moving in 2026 due to climate events, according to a survey of 1,000 American adults by insurance provider Kin Insurance. Also a concern among homeowners is the rising cost of homeownership, the study noted.
“Kin uncovered that climate is driving decisions about where people live and the rising costs of homeownership are changing when and how people buy homes,” the study noted. The study also found that nearly all homeowners are concerned about severe weather damaging their homes.
Kin’s survey found that within the 49 percent of homeowners who want to move, 19 percent “definitely” are considering it, while 30 percent are “somewhat” considering it. Some 45 percent said they were not considering a move.
As for how far away they want to move, Kin broke up respondents’ intentions into three groups:
- Moving within their current city or community: 41 percent
- Moving to a different city or community in their state: 35 percent
- Moving to another state: 25 percent.
For those considering a move to another state, more than half of respondents wanted to avoid disaster-prone states like Florida and California and preferred to move to what they perceived as low-risk states, including Vermont, New Hampshire, Delaware, and Connecticut.
This is a major example of how full of shit economics is, this will do devastating damage to the real estate market in the US and economics as a pursuit of understanding value largely ignored climate change except as a profit generation opportunity until it was far too late.
Why study economics if not to produce prosperity?
There is a bifurcation in economics: the academic field of inquiry and then you have the mouthpieces for billionaire policy advocacy. Sadly, the field never thought it necessary to distinguish the two types. My guess is as a fallback plan for failed careers.
From what i understand, economics is a religion not a field of study. As generally taught in the us at least. The actual education they get is reduced compared to others and they mostly receive propaganda on how capitalism is totally functional and great actually.
