Grist: “Two Years after a Wildfire Took Everything, Maui Homeowners Are Facing a New Threat: Foreclosure”
Vice President for Research and Policy Engagement, Carlos Martín, comments on the relationship between climate change and the housing affordability crisis.
“In Lāhainā, homeowners are still short nearly $140 million in insurance payouts. There, as in many other places, climate change is colliding with a housing affordability crisis, said Carlos Martín, vice president for research and policy engagement at the think tank Resources for the Future. ‘If you can’t afford to rebuild, if you can’t afford your mortgage because of all the other financial bills that you have, where are you going to go?’ he said. ‘We don’t have the spare housing that’s affordable to absorb all the people that are going to be affected by these twin crises.’”
