How Cyclone Gabrielle will forever change the housing industry

The effects of climate change are beginning to pool at the feet of New Zealand's coastal home owners. Climate Sigma managing director Belinda Storey says most beachfront properties will either need to be moved or demolished in the next 30 years. She and Bernard discuss the morally hazardous world of climate finance, the future cost of repairing mega-mansions, and how the taxpayer can avoid footing the full bill. Learn more about your ad choices. Visit megaphone.fm/adchoices