a wide margin sued as military is broken in nearly 2 years. siege of the south eastern city of obeyed. it seemed as a key victory and its war against the r. as a parent military group, residents and soldiers were seen celebrating. millions of people have been displaced by the conflict. alright, that's the, not just another day. so much is happening all at once. we take time to understand this is the day an in depth look at the current use events analyzed by experts and critical thinking is this is the weekdays on dw, you'll update innovation, green, the green revolution global. so listen,

the whole lot of crime would probably be secure. subscribed to this channel. subscribe to plan. it's a the these used to be the ultimate dream homes. but now many rich people are swapping those out for houses like these higher than floods can reach, were further away from wildfire zone. climate change is affecting where people want to live and it's making many of us pay more for housing all over the world. so what's going on and what can we do about it? the one thing you've likely noticed if you've paid for rent or a mortgage ever is at housing costs of exploded in many parts of the world. everyone in their mom is talking about the january. gentrification gen certification, certification of justification,

people talking to cities more and more investment companies snapping up real estate plus inflation and towering construction costs are fueling a global housing crisis. it's not a uniquely rural issue. busy or urban issue. busy or homeowners. so a renter issue, sarah maternity and researches how climate change impacts communities but we're in . busy kind of shared experience where prices of rents have continued to rise much quicker than the income housing costs are blowing up, especially in major cities. and it's happening all over the world. hosted the cities with the fastest growing grants for in the global south. the climate change is making all of this worse in the past years, increasingly common natural disasters have wiped out tons of homes. and the fewer houses there are, the more prices go up more than 1200000000 people are highly vulnerable to at least

one critical climate hazard. the snap shows where they live, most of them in asia. but also in the us, we're roughly one 3rd of households are exposed to high risk from natural hazards whether it's storms and coastal communities rein fueled land site and flooding, or heat driven wildfire. much of the world is at risk for funding more and more is what we're calling sort of double and triple threats. howard boxes, cheap scientists start core logic, a company that develops climate risk models for the housing market. and we have a large number of places that you could all, you could see her at a intense rainfall for flooding and wildfire, for instance. so, you know, i, i think we're seeing more all sorts of parallels. all of this is giving rise to a whole new phenomenon, climate, gentrification,

what people consider to be the ideal place to live is changing into areas that used to be more affordable or undesirable are now in high demand and are becoming more expensive. that's exactly what's playing out in miami. you have high income folks on low lying coastal areas that are vulnerable to flooding that are now looking to higher elevation areas that are historically lower income communities. fact taylor researches the link between climate change and the housing and insurance markets and are shifting their investment patterns in that direction. displacing those existing low income residents, but plenty are still willing to show out for beach front properties and neighborhoods like miami beach prices, an inland areas like little haiti are rising faster than the rest of the city. higher elevation, miami, real estate is some of the fastest appreciating in the us. i've spoken with real estate developers who have told me that yes, they do think about elevation. now when they buy long term property for development,

climate gentrification also takes hold in the wake of disasters as people lose their homes and entire neighborhoods. and cities are rebuilt and often totally revamped in new orleans housing prices jump 33 percent in the week of hurricane katrina. and puerto rico housing costs rose 22 percent after hurricane maria in 2017. we often think about like success and disaster recovery is that we bring back to the housing units. but there's not a lot of visibility to um whether that housing unit is still affordable or still occupied by the same person. and is of housing cost square and already rising sharply enough. there's another often overlooked factor adding to what it costs to keep a roof over head insurance. in australia, frequently ravaged by wild fighters and flooding. 15 percent of households spend more than 4 weeks of their annual income in sharing their houses. and in germany were flood straight, more and more often home insurance premiums are predicted to double in the next 10

years. in the us average homeowners, insurance premiums, nearly triple between 2001 in 2021 to make ends meet as housing cost rise, including insurance. as part of that package, households might decide to per go maintenance and, and retrofits way reverse works on finding policy solutions for challenges around climate and inequality. when a big disaster hits those ones are both more susceptible to the to damage. but also those residents may have fewer resources to recover and i watering the expensive insurance isn't just a problem for home owners. rates for multi family buildings, right. so like apartment buildings and the lakes are also going up and right, we can safely assume that landlords are passing. most of not all of those costs onto tenants, which means rents are rising. in some cases we can be talking about many thousands

of dollars extra per year. so i really see it as a, a working and middle class issue that is really wide spread. these unbearable costs mean that people in that risk regions have a hard choice to make. they can either roll the dice with a minimal or even know insurance or move somewhere else. easier said than done when housing costs are so high in the 1st place. and so a lot of people go for the 1st option for going coverage. just as disaster becomes more likely. this is going would experts called the protection gap? a k. the difference between insured and uninsured losses in 2023, only 38 percent of the roughly $280000000000.00 in damages caused by natural disaster. we're actually insured. this gap is a lot wider in the global south in asia. it's a whopping 85 percent it most affect the low income to our community, which depends on our current culture. a small scale,

leaving food. yeah. le researches how policy could fix this insurance got for example, the coffee farmers, even you should all market a bunch or in buckley gosh, was income may be disruptive, but that's because that's what squared limits their success to the customers. of those groups are heat the hardest because they have fewer resources to recover from the losses. because asia is vulnerable to a range of climate related disasters. hundreds of millions of people are at risk. and this all puts the insurance industry and if of a pickle much of the planet can't afford insurance. meanwhile, inflation and supply chain issues mean that when disaster strikes, rebuilding is getting more expensive. following revenues plus rising cost equals bad business for the past 4 years. us homeowners insurance have showed out more for claims and they've taken it. may have responded to this challenge by jacking up

prices even more. or in some cases, simply leaving regions, i think are too risky to turn a profit. major providers recently left florida in california. but there are ways of protecting ourselves better, ideally, long before any disaster making houses, climate proof with fire resistant roofing or sturdy sightings and hurricane and type room front regents can lower risk this costs money. but in the long run, it's cheaper than dealing with the damages, and it saves lives. significant state investment in infrastructure to make cool areas safer. in the netherlands, there's a tradition of building really strong physical infrastructure to deal with flood risk, for example. and what that means is that most people living in the low lying parts of the netherlands, large parts of which are below sea level. they don't have flood insurance, they don't need it. and you just don't see that kind of strategy for variety of reasons. in places like florida from thailand to berlin, spun city projects are swapping concrete and pavement for permeable surfaces,

like plants and moss, to absorb water. the more we build resistance, the less we need to rely on taking that of insurance. and so in this deal, right, every activities would include everything from deciding where it's too risky to build new housing and restricting it. helping people relocate from where it's too dangerous to stay and carrying out community oriented mitigation, risk mitigation efforts. another issue is that climate change is often low priority when people are deciding where to live. if you overlay housing starts and in migration like where people are moving to and climate risk in the united states, it's the opposite relationship that those of us working in climate on a patient. what, what do want to see? we see rapid growth in at risk areas. one of the city level higher elevation neighborhoods are starting to gentrify on national and regional levels. wildfire and flood areas are still popular and many can't just jump up and move across the

country because of climate risk. buybacks games and even creative insurance policies like slowly phasing out insurance coverage along close lines. once houses are sold, could help here to all of this will go the impact of disasters. but knowing just how to prepare requires accurate risk production, insurance groups. and more recently, independent companies have developed sophisticated climate based risk models. i think the direction that we've been heading over the years is more granularity of taking ease. uh, global climate models which are quite large, 100 by 100 kilometers, are showing size and be able to down scale those in a highly accurate manner is company core logic is doing just that predicting climate risk through 2050, across the globe. we're going to see intensity of events, but we're also going to see much more variability,

potentially colder winters are summers, more intense, storm events or ball ties in the insurance world. this means designing plans that cover all kinds of disasters and are widely available if not mandatory. similar to how many countries approach health insurance. the places like spain, france in switzerland, bundle disaster coverage into common and often mandatory home insurance policies frequently would state back in the spreads, the risk over more people creating a bigger part to keep costs down. instead of leaving it all to private insurers to figure out a comprehensive approach to risk will mean encouraging people to move out of catastrophes way, helping them sure up their homes and keeping prices down on their insurance. that sounds like a tall task, but it's more sustainable than leaving people to face disaster on their own. keeping, housing affordable and shielding. our communities from climate disaster will mean changing how we think about risk in the 1st place. hurricanes aren't something that

i intentionally can control, let alone, but i can really do some of the more infrastructural risk reduction measures that might be needed, like sewer upgrades to reduce risk of flooding, fire adoption measures on that hillside. it's not something i can go and do without a collective approach costs and the damage done by natural disasters will only keep spiraling out of control. so what do you think we need to do in order to keep both housing and insurance affordable in the face of climate change? let us know in the comments and don't forget, subscribe. we've got new videos for you every friday. the georgia's future dream for 9 man. critics of the government protest every

evening. hearing pro russian forces will eventually take over the country, making it slide into a dictatorship. how does saint george's future close? the line with russia? is the european dream. next on dw, ask for con, what's the best in these senegalese neighborhoods about things all the residents have come together to give the neighborhood kind of gain spain in the process of unconventional competition with 10 expected results. because in 16 minutes on d w. we

say they're about never giving up every weekend on d w. the things i've told her hundreds of thousands people a went in the sweets, it became known. so frontiers doing this protest 100 so people were beaten like torture. and indeed, the deed is just and this the one we're seeing here is regular police procedure, which is i believe should be cracking down a lot. honda, which they are now doing is sure is or sure to remind you that during the senior d.