Ever stumbled upon a gorgeous home on Zillow with an impossibly low price tag and thought, "What's the catch?" Well, it might be because it's literally sinking! This episode peels back the layers on the troubling issue of land subsidence—the gradual sinking of the ground which affects numerous homes and cities across the U.S. From the bustling streets of New York City to the vibrant coasts of Miami, the financial implications are massive, with property values potentially plummeting by as much as 8.1%. Even scarier, most homeowners' insurance policies don't cover this kind of damage, leaving many to fend for themselves.

We delve into the myriad causes of land subsidence, both natural and human-made. Discover how the melting of glaciers and the relentless shifting of tectonic plates play their part, while our own actions, such as excessive groundwater extraction and the sheer weight of urban infrastructure, exacerbate the problem. It’s a fascinating look at how our world is quite literally shifting beneath our feet, impacting not just the landscape but our wallets and future urban planning. Don't miss this thought-provoking discussion on an issue that's more prevalent—and pressing—than you might think!

📰 Read more about this topic in our latest article: https://sunrisecapitalgroup.com/u-s-cities-are-sinking-what-it-means-for-homeowners/

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Disclaimer: The content provided on this channel is intended for educational and informational purposes only and does not constitute investment, financial, or tax advice. We strongly recommend that you consult with qualified professionals before making any financial decisions. Past performance of investments is not indicative of future results. The information presented here is not a solicitation or offer to buy or sell any securities or investments. Our firm may have conflicts of interest, and we do not guarantee the accuracy or timeliness of the content provided. Investing involves risks, and you should carefully consid...