Why Are Developers Still Pouring Billions into Waterlogged Miami?

Post by eli_gottlieb » Tue, Nov 29, 2016, 7:23 PM UTC

cr0sh wrote: post #16

adevine wrote: post #6

The answer to this question is quite simple, and the two choice sentences from the article: "And their time frame is what, five years? How do you reconcile those two things: It’s a 100-year problem and a five-year investment cycle." The answer is simply that the private equity firm does not account for the long term, but that the city of Miami Beach will have to—soon. And that is fundamentally what makes climate chan…

> And that is fundamentally what makes climate change so difficult to deal with. The economic incentives, which only really look 5-10-15 years out, can't respond to consequences that are 50-100 years out, and by then it's really too late. On the global level (let's say 50-100 years out), do you think we as a species are headed toward an "Easter Island" effect, where we "whistle past the graveyard" and assume everythi…

Post by [deleted] » Tue, Nov 29, 2016, 7:32 PM UTC

will_brown wrote: post #20

cjlars wrote: post #4

If you look at various financial crises throughout history, you'll see that even amid increasingly clear evidence of problems, the status quo is surprisingly sticky. Things move along as normal, and everything seems fine until suddenly... they don't. In hindsight things seem obvious, but at the time it's difficult to know if you are merely flirting with the edge, or you've actually gone over it. Miami real estate (an…

It is a long title as is, but should read Miami Beach . Rising sea levels are an interesting question for barrier islands like Miami Beach and Florida as a whole. Though its important to also understand some of these articles unfairly paint sea level rise and climate change as responsible for a new phenomenon, the truth is Miami Beach has always flooded (during full moons water can rise right up through the ground).…

Post by xapata » Tue, Nov 29, 2016, 7:40 PM UTC

kls wrote: post #26

will_brown wrote: post #20

Earlier quoted context omitted.

It is a long title as is, but should read Miami Beach . Rising sea levels are an interesting question for barrier islands like Miami Beach and Florida as a whole. Though its important to also understand some of these articles unfairly paint sea level rise and climate change as responsible for a new phenomenon, the truth is Miami Beach has always flooded (during full moons water can rise right up through the ground).…

Miami Beach has always flooded (during full moons water can rise right up through the ground). I have lived in FL all my life (41 years), my family spans back 12 generations from me. King tides are nothing new, nor is Miami flooding during them. I live in the Keys which is lower lying than Miami beach but we have the safety of the barrier reef that mellows the tidal changes, this is just a sensational piece due to a…

Post by xapata » Tue, Nov 29, 2016, 7:45 PM UTC

Post by anexprogrammer » Tue, Nov 29, 2016, 7:46 PM UTC

cr0sh wrote: post #16

adevine wrote: post #6

The answer to this question is quite simple, and the two choice sentences from the article: "And their time frame is what, five years? How do you reconcile those two things: It’s a 100-year problem and a five-year investment cycle." The answer is simply that the private equity firm does not account for the long term, but that the city of Miami Beach will have to—soon. And that is fundamentally what makes climate chan…

> And that is fundamentally what makes climate change so difficult to deal with. The economic incentives, which only really look 5-10-15 years out, can't respond to consequences that are 50-100 years out, and by then it's really too late. On the global level (let's say 50-100 years out), do you think we as a species are headed toward an "Easter Island" effect, where we "whistle past the graveyard" and assume everythi…