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Updated about 3 years ago, 09/27/2021
Investing in Pheonix or Colorado Springs (Climate Future?)
Hello, I am a San Francisco local who has a $250,000 derivatives portfolio currently.
Looking to disperse a significant portion of those funds into real estate to diversify and eventually get a solid cash flow real estate business. I have done many things for work/business in the past but now am a Software Engineer and can work from anywhere.
I am considering purchasing quadraplexes in Phoenix but am concerned about the future climate change. Phoenix will have more months that are extremely hot as well as the real problem of having to acquire enough water for the city.
The other consideration potential would be Colorado Springs. From my research Vermont, Maine, and Colorado are the three states that will suffer the least climate induced damage in the coming decades.
Any thoughts on all of this? Phoenix is quite close so I would prefer that but am skeptical... Any tips from the AZ people?