A new study confirm an ongoing air quality problem not far from Philadelphia, PA — Lancaster, York, Harrisburg, Lebanon, and Wyomissing.
“There is a lot of agriculture in the area, but it is also a transportation thoroughfare and is dotted with clusters of industry, including food processing plants, metals fabricators and plastics manufacturing.”
This also impacts quality of life and life expectancy. An indoor air exchange systems with well maintained filters is recommended. Wearing an N95 mask while outdoors will help reduce ill-health effects.
Sea level rise is threatening the value of coastal real estate.
“Alarmingly, more than half of that (at-risk property) exposure is estimated to lie outside FEMA flood zones. That means those properties are at higher risk of being underinsured, and, therefore, the loans attached to them are at higher risk of impairment, with increased risk for the value of the related CMBS (securities).” —CFTC
“Fannie and Freddie carry about $5.6 trillion in assets, mainly home mortgages and related securities. Ultimately, taxpayers backstop the payments on loans under the agencies’ control, UCLA’s Yu explains. Their regulator, the Federal Housing Finance Agency, issued a request for information in January, in part to assess flood risks. The entities require flood insurance that might mitigate their losses only on properties inside FEMA’s poorly drawn flood zones. Coverage limits imposed by NFIP — $250,000 for the structure and $100,000 for personal property — mean many coastal homes that have coverage are grossly underinsured.” — UCLA / Is the $1 Trillion Coastal Housing Market a Future Financial Crisis?
“This is a wake-up call.
On our current path, Pennsylvania will soon be 5.9° F hotter and parts of our coast will be submerged in 2.1 feet of water, according to Pennsylvania Department of Environmental Protection’s climate report.
We can reduce the impacts of climate change, but we must act now.” — Governor Tom Wolf
