31–40 of 272 posts
Interestingly, the Miami housing market outlook for 2019 is excellent, in spite of this news. https://gordcollins.com/real-estate/miami-real-estate-foreca... It would appear that people who actually have skin in the game believe otherwise.
Interestingly, the Miami housing market outlook for 2019 is excellent, in spite of this news. https://gordcollins.com/real-estate/miami-real-estate-foreca... It would appear that people who actually have skin in the game believe otherwise.
I’ve never understood how the parts of the country most affected by sea level rise have been so vociferously against it being real. When the BP spill happened and they had all the local mayors and politicians crying about the damage to their coast, I couldn’t understand why no one had the cajones to ask them why they cared so much about their coast being damaged now, when they were completely fine with it being gone…
Really? It's because wealthy people tend to have physical assets and political power there. They don't want to pay more for insurance for their assets in the short term (property/catastrophe coverage) and in many cases they would be difficult or impossible to liquidate and transfer to somewhere not effected. This has been the case in coastal areas, with property developers at least. They have it very badly, where the…
But if you did the above, it really doesn't matter whether climate change is real or not, all the risk will be on the homeowner going forward. That ought to be enough to change behavior in the long run.
At a rate of 0-3 mm/year or 1 foot/century its going to be hard to convince anyone to care about the sea level. https://tidesandcurrents.noaa.gov/sltrends/sltrends.html
Start worrying when the banks stop offering mortgages to people trying to buy property in south beach. I remember when Katrina flooded New Orleans, lots of people were asking why rebuild the city when it almost certainly will flood like that again. And the answer was a simple, do you know how much it would cost to relocate everyone? What does it do to the economy when almost everyones largest asset(their house) is wo…
> They would get some government assistence with the condition that this was the first and only time that the governmnet would help. We'll see how well that holds up next time those people need assistance. Somehow I don't see any elected politician telling his voters "sorry, we already helped you".
I’ve never understood how the parts of the country most affected by sea level rise have been so vociferously against it being real. When the BP spill happened and they had all the local mayors and politicians crying about the damage to their coast, I couldn’t understand why no one had the cajones to ask them why they cared so much about their coast being damaged now, when they were completely fine with it being gone…
I think there's been a brain drain happening in a lot of red states in recent decades. The educated people who have the ability and will to leave often do, leaving behind an increasingly ignorant population. It's coincidental that this same geographic region will be most affected by sea level rise, although nowhere on earth will be immune to the effects of climate change.
Thus I'm skeptical. And "brain drains" refer to skilled employees leaving, not some intelligence or education level which you're implying.
Part of the problem here is exacerbated by all the flood insurance that effectively subsidizes building in flood plains. In addition to long term measures to mitigate climate change, we should have a tax on areas that are threatened by flooding and water levels rising so that we can reduce the immediate issues by incentivizing people to move away from them.
I'm not sure how insurance is a subsidy. Doesn't the cost get spread between insurees and the insurance company takes the foam off the top for itself?
No actual company is stupid enough to put money that a floodplain won't flood. Instead the federal government uses tax money to basically back insurance so that when, surprise, your floodplain floods, the insurance companies aren't actually losing money.
I’ve never understood how the parts of the country most affected by sea level rise have been so vociferously against it being real. When the BP spill happened and they had all the local mayors and politicians crying about the damage to their coast, I couldn’t understand why no one had the cajones to ask them why they cared so much about their coast being damaged now, when they were completely fine with it being gone…
https://www.eia.gov/state/analysis.php?sid=LA
I call it the truth distortion field when any large industry impacts what politicians say. Here’s some background:
Interestingly, the Miami housing market outlook for 2019 is excellent, in spite of this news. https://gordcollins.com/real-estate/miami-real-estate-foreca... It would appear that people who actually have skin in the game believe otherwise.
Maybe folks think they'll be able to get out before the collapse, or some new tech will save them from being underwater?