Everybody of us saw extreme weather event happening in places that are not the “usual” one - what happened in Germany could have happened in similar region around the Rhein or oher rivers in Switzerland.
The mud avalanche in the center of Tokio, heatwave in Canada, etc.
The consensus (without even talking about man-made nature of climate change) but the trend is clearly towards an increase of these extreme event, that means that once-in-a-1000 years event will happen every 100 years, and once -every-100 years will happen every 10 years so to speak.
Our infrastructure is built for once-in-a-100 year event…there is a certain incertitude if it can resist multiple extreme event in subsequent years.
Does this factor comes into play when you think about real-estate, eg buying vs renting, ownership risk vs flexibiltiy to move?
For me it does comes into play a bit - I know there is insurance, and money is only partially an issue…but time to renovate and fix everything? what if your neighborhood basically disappear like in Germany…? I guess renting would be easier to then start anew somewhere else.
I’m just feling a bit unsure in having so much of my assets tied to a single Real-Estate in a certain place, in the last two years more than before.
Curious to hear your thoughts