Discover and read the best of Twitter Threads about #brittlenessbubble
Most recents (2)
We can't save everything
“The economic scale of the required economic adaptation... is 'beyond anything the public sector could possibly afford to fund.'”
Triage / cutting losses is a necessary part of any sensible climate response.
#brittlenessbubble
harvardmagazine.com/2023/05/financ…
“The economic scale of the required economic adaptation... is 'beyond anything the public sector could possibly afford to fund.'”
Triage / cutting losses is a necessary part of any sensible climate response.
#brittlenessbubble
harvardmagazine.com/2023/05/financ…
“You are on your own. Good luck.”
Loss of *capacity to ruggedize* will occur sooner than the most serious impacts we're ruggedizing against.
It would be good if more people understood this
It would be good if more people understood this
How big is the Brittleness Bubble in the U.S., evaluated solely on flood risk?
Between US$121–US$237 billion.
That is a hundred-billion-dollar-plus housing bubble, and flooding is just one of many threats we face.
ht @NatBullard
#brittlenessbubble
axios.com/newsletters/ax…
Between US$121–US$237 billion.
That is a hundred-billion-dollar-plus housing bubble, and flooding is just one of many threats we face.
ht @NatBullard
#brittlenessbubble
axios.com/newsletters/ax…
The original study:
"Our results underscore the severity of the financial risks to current homeowners and municipalities posed by potentially widespread property price deflation."
nature.com/articles/s4155…
"Our results underscore the severity of the financial risks to current homeowners and municipalities posed by potentially widespread property price deflation."
nature.com/articles/s4155…
"Counties in black and outlined in red indicate municipalities that are both heavily reliant on property tax revenue and have high overvaluation."
This map is should ring like a thunderclap, esp considering how many of these communties are also highly vulnerable to other risks.
This map is should ring like a thunderclap, esp considering how many of these communties are also highly vulnerable to other risks.
