Losing value

Today's Wall Street Journal reports that climate change is going to hammer home values and dramatically increase the cost of home insurance. Explaining the data from a report by First Street, the WSJ explains that we should anticipate a $1.75 trillion reduction in value by 2055.  And they even tell us where to watch:

First Street projects the hardest-hit places will have rising home-insurance costs and population declines. The counties with the biggest projected population loss over the next 30 years are Fresno County, Calif.; Ocean County, N.J.; and Monmouth County, N.J. 

Sould you trust their data? The article mentions that First Street is providing climate change data to Zillow which accompanies each house on the website. Here is a house that is 10/10 high risk in three categories.