Climate Change and Real Estate Prices

From NASA: Continuing a 22-year downward trend, water levels in Lake Mead stand at their lowest since April 1937, when the reservoir was still being filled for the first time. As of July 18, 2022, Lake Mead was filled to just 27 percent of capacity.

One might think that the surge of real estate prices in the Southwest would face a limit, as the Earth’s capacity to bring water into the area continues to diminish.

An old friend left Central California 15 years ago, in favor of Santa Fe, New Mexico.  Sadly, it was “out of the frying pan and into the fire,” literally, as much of the Land of Enchantment is becoming the Land of the Drought-Driven Inferno.

While climate change wreaks catastrophe onto most of Earth’s people, it offers benefits for a few, e.g., those who live more than about 45 degrees from the equator, who are already experiencing lower heating bills and longer growing seasons.