Climate Change & Weather: Does it affect investment decisions?

[Aerial Atlas]

Should investors take into account the weather patterns in a certain area with regards to their rental investments? If so, what do investors take into consideration? 

Also, with predictions pointing to more extreme conditions in the future (ie. stronger storms, severe droughts, bigger fires, etc) due to climate change, should investors look into these patterns 5 or 10 years into the future to decide if their investment will be worth purchasing or holding onto short/long term? 

[Bill B.]

With climate change reducing the strength and frequency of tornadoes it might make the Midwest more investable. It does the same for hurricanes, so that helps the south east. It helps the cold states more than it hurts the warm states (cold kills 5-10x more people than heat). So I would say almost no effect. But a net positive overall especially for the poorest among us.