But in the Houston area, fewer than 0.5 %
of Hurricane Harvey -
impacted borrowers were in
negative equity positions — way below the national average
of 2.8 % — and fewer than 4 % had less than 10 % equity.
In many cases, it appears that possible
negative impacts of climate change pose risks
of higher total monetary damages in industrialised areas (i.e., currency valuations
of property damages) but higher total human damages in less - developed areas (i.e., losses
of life and dislocations
of population)-- although such events as
Hurricane Katrina show that there are exceptions (Section 7.4.2.5) for developed countries, and monetary damages in developing countries may represent a larger share
of their GDP.