Rising Homeownership Costs and the Impact of the Climate Crisis

The chapter highlights the substantial increase in homeownership costs in the US, reaching an average of $18,000 per year, driven by factors like rising home maintenance, property taxes, energy expenses, and insurance costs. The escalating impact of climate-related disasters such as wildfires and hurricanes is also contributing to higher home insurance premiums, further burdening homeowners with maintenance and repair expenses.