ilmscore | Prediction Details
"the cost associated with this sinking and other issues are not just insurance but they also do get reflected in local and Municipal Taxes because whether you're paying for them as a homeowner or the government is going to pay for them to create resiliency or to repair things that are broken like the money's got to come from somewhere and so they're going to either raise taxes or pass it on to home homeowners in terms of property taxes"
By BiggerPockets | July 19, 2024 | Pending
From video
Airbnb Bans Escalate, The Real Estate "Tsunami," and "Sinking" Cities 00:35:32 - 00:35:58
Interpreted Prediction
Costs associated with land subsidence and other environmental issues will lead to higher local and municipal taxes, either through direct tax increases or increased property taxes for homeowners.

Prediction Details

Topic
Property Taxes & Climate Costs

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