It is often used in conjunction with thegreenhouse effectand reports ofrising sea levels.
But there’s another term in the eco-conscious sector of culture known asclimate gentrification.
Climate change is already having an effect on land and real estate.
Photo:Stock Photosfrom Steve Heap/Shutterstock
As we face more extreme and more frequent weather conditions, this effect will only become more drastic.
Land that is safer will also rise in value.
Examples of these predictions are already happening around the world.
Climate Gentrification (Photo:Harvard University)
Populations, including speculative real estate investment, will densify in these high elevation areas.
The demand for these properties will surge real estate prices up.
This surge in price can gentrify the low-risk area.
Three Pathways Towards Climate Gentrification (Photo:Harvard GSD Research from Jesse Keenan, Thomas Hill, and Anurag Gumber)
This is the opposite situation as Keenans first pathway, but has generally the same result.
Resilience Investment Pathway
The last pathway suggests that governments will invest in resilience methods and infrastructure.
The land that is protected against the effects of climate change become far more valuable.
Photo:Stock Photosfrom meunierd/Shutterstock
Many believe that Little Haiti is the most likely to be gentrified when this happens.
Already, Little Haiti is feeling the effects of rising real estate prices.
Little Haiti is just one example of the threat of climate gentrification.
Photo:Stock Photosfrom meunierd/Shutterstock
Unfortunately, we can expect to see more displacement and inequity as weather and flooding worsens.
