What is climate gentrification? How will it impact the Boston condo market?

I was scanning the internet and came upon a new term, or maybe it is just a new term to me, that am not familiar with. What is “climate gentrification”? In one sense It is like any other kind of gentrification and happens when housing prices go up in an area because wealthier people move to that area. Wealthy people move in and poor people get pushed out.

If weather patterns keep changing this will eventually cause people who live in coastal areas to move inland away from rising seas and displace the people who live there now.  Some who live in areas where there isn’t any water or numerous fires that destroy homes will move to wetter places where there are fewer fires, less smoke, and more water. That is all part of climate migration but will also contribute to gentrification in areas that have been less desirable and more affordable.

No one is safe from climate change but the wealthy will have a much better chance of surviving, thriving, and even making money because of climate change.  In fact, real estate investors are already taking climate change into consideration before they invest.

Boston Condos for Sale and the Bottom Line

Look for more climate gentrification in the coming decades as we continue to see changes in weather patterns. It is even possible that people will want to move to downtown Boston or maybe not

Boston Downtown Condos for Sale 

Ford Realty Inc., Boston Real Estate for Sale

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Updated: Boston Real Estate 2021

What is climate gentrification FAQ