The American Dream Wasn’t Built for Climate Change

Owning a home is billed as a way to build wealth, but amid climate-related disasters, for many, it's beginning to feel like a trap.

Verified Details and Technical Data of the News

This story was first published on Grist and is part of the Climate Desk collaboration.

The American Dream reminds Sierra Isley of a house surrounded by a white picket fence. "The house in the suburbs is the same thing you were taught growing up," the 26-year-old said. “You know, that's what you see on TV.” What he wanted for his life was a little different from his picket fence ideal, but he still saw the possibility of buying his first home two years ago as a chance to realize, in his words, "that big dream that everyone has when they're a kid."

Isley and his girlfriend, Jamie, were moving from Philadelphia to Asheville, North Carolina, and found a house they liked; a three-bedroom brick house with lots of natural light and a large tree in front. With the help of their parents, they put down some deposit and accepted their offer. But when they went to sign the closing documents, they encountered a problem: There was a large lien on the house. After consulting with lawyers, they decided to terminate the contract and look for an apartment to rent in Asheville.

This was a blessing in disguise. A month later, while Sierra and Jamie were still unpacking boxes and building furniture, the remnants of Hurricane Helene turned Asheville into a disaster zone. The basement of their apartment building was flooded, but they were luckier than some of their neighbors whose homes were destroyed.

Technical Analysis and Industry Significance

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Strategic Implications and Next Steps

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