As if California needed more bad news…. there was this that came across my desk on Friday. A report from UC Berkeley quantified the state’s real estate losses should the full effects of global warming be realized.
“The report finds that the state has $4 trillion in real estate assets, of which $2.5 trillion are at risk from extreme weather events, sea level rise, and wildfires, with a projected annual price tag of $300 million to $3.9 billion over this century, depending on how warm the world gets.”
What was that noise? It was the sound of Karen Bass and Gov. Schwarzenegger putting their hands over their ears and yelling “la-la-la … we can’t hear you.”