We are all invested in the cities, assets, and infrastructure of tomorrow, even if we might not live to see the ten largest cities in 2100. But understanding climate change can get us closer.
https://www.afire.org/podcast/climatefuture202207/
Can you guess what the ten most populated US cities were in the year 2000?
New York and Los Angeles would be safe bets and come without hesitation. A moment’s pause, and Chicago would come to mind. Those who follow cities might remember that San Francisco and San Jose are separate in most data; skip them and reason that Houston and Philadelphia came next. The rest of the top ten would hardly surprise: Phoenix, San Diego, Dallas, and San Antonio all were warm and with large job markets. Detroit in tenth, was a city in decline but still servicing a healthy domestic auto industry.
In this episode of the AFIRE Podcast, Rajeev Ranade, Partner at Climate Core Capital, and Owen Woolcock, Partner at Climate Core Capital, discuss their recent Summit Journal article about the future of climate change and its effects on real estate.