Climate change will break the housing market, says David Burt, who predicted the 2008 financial crisis
Posted on AllSides November 3rd, 2019
From The Center
Risk to the housing market from underestimated climate change echoes lessons from the 2008 subprime-mortgage debacle — as does the chance to capitalize on these miscalculations.
That’s the view of David Burt, whose old firm and its timely escape from the financial crisis just over a decade ago featured in Michael Lewis’s book “The Big Short.”
Burt makes a climate change and subprime lending connection in a recent interview with Vice:
AllSides Media Bias Rating: Center
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