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The open houses at the edge of disaster | What are buyers being told about climate risk in Miami? I posed as one to find out.
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silence7 slrpnk.net silence7@slrpnk.net
Joined: 2023-06-11
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34   Original
lntl lemmy.ml lntl@lemmy.ml
Joined: 2023-06-04
#2 · (edited) Quote Reply

But the way Hill sees it, sellers and agents are incentivized not to know about climate risk or communicate it. Everyone involved only needs the property to look safe long enough to pass it along: A developer needs to insure a project long enough to finish and sell it. An agent needs to find a buyer and close the deal. The long-term risk belongs to whoever ends up holding the deed.

Don't delay, act now, supplies are running out

Six to eight years to arrive

You might as well be walkin on the sun

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DredPyr8Roberts lemmy.world DredPyr8Roberts@lemmy.world
Joined: 2023-09-09
#3 · Quote Reply

Caveat emptor, especially with large purchases.

0
Kairos lemmy.today LodeMike@lemmy.today
Joined: 2023-12-26
#4 · (edited) Quote Reply

But the way Hill sees it, sellers and agents are incentivized not to know about climate risk or communicate it. Everyone involved only needs the property to look safe long enough to pass it along: A developer needs to insure a project long enough to finish and sell it. An agent needs to find a buyer and close the deal. The long-term risk belongs to whoever ends up holding the deed. Don't delay,...

"Something, something it can be impossible to explain to a man whose salary depends on not knowing."

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NotEasyBeingGreen slrpnk.net NotEasyBeingGreen@slrpnk.net
Joined: 2026-03-30
#5 · Quote Reply

Caveat emptor, especially with large purchases.

We have corporations and experts who have both financial incentives to mislead customers, as well as vast resources including knowledge and skills.

Relying on customers to somehow fight against this individually is as nonsensical as relying on corporations to keep our food safe or medicines effective. It's basically the story of the 2008 mortgage crisis.

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DredPyr8Roberts lemmy.world DredPyr8Roberts@lemmy.world
Joined: 2023-09-09
#6 · Quote Reply

We have corporations and experts who have both financial incentives to mislead customers, as well as vast resources including knowledge and skills. Relying on customers to somehow fight against this individually is as nonsensical as relying on corporations to keep our food safe or medicines effective. It's basically the story of the 2008 mortgage crisis.

You explained perfectly why being aware at this point in time is more important than ever before.

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