Could the next housing crisis be climate-related? Quite possibly.
This summer my partner and I tried to buy a house in the Catskills, New York. It was the end of June when we ran the inspection and no drought was in effect. The report came back that the well was almost dry – something the owners (who didn’t live there full time) claimed was a shock to them. And it could have been. Several other homes in that small town had their wells run dry for the first time this summer.
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