The findings highlight a growing trend where affordability and location outweigh climate risks for many buyers. However, this comes with significant financial implications, including higher HOA fees, insurance premiums, and potential mortgage delinquencies. States like Louisiana and Mississippi already report mortgage delinquency rates double the national average, reflecting the strain of rising costs and climate-related damages. Buyers in high-risk areas may face long-term financial challenges, even if initial purchase prices are lower.