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I just went to Miami for the first time. I loved Miami Beach. Also surprised by how relatively inexpensive real estate was.
Compared to what? South Florida real estate is pretty expensive, compared to the rest of the US.
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The vast majority making that argument only do so over issues where they think it is in their own interest. Where spending or legislation is in their interest, it's just common sense.
Many of them advance such arguments because someone else may benefit.
Great article on the disconnectedness and short-term-ism: > She said the main thing is just that Miami was being very forward thinking. She mentioned Amsterdam, and how they were making it work, and how the Dutch were just the poster child for how this worked, and that they were sorting out a way to make this work. “I think the takeaway is just that Miami is doing something about it.” Guess this will take a few flood…
I had no idea whatsoever that this thing existed or what it was for until it simply hove into view one day while biking from town to town. It is a truly spectacular sight and worthy of the title of "8th Engineering Wonder of the World".
Compare the $billions and $billions and centuries, literally centuries, that the Dutch have invested in tackling this problem with, as the TFA puts it, some pumps the size of a large airedale. It drives home the point of how utterly fucked Miami, and the rest of the coastal world that is not the Netherlands, really is.
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I mean, the southern tip of FL, the outer banks of NC, and the mid gulf coast really are the problem [1, NOAA, Return Period Between Major Hurricanes] The CBO [2, "The National Flood Insurance Program: Financial Soundness and Affordability"] calls that out as clearly as possible without naming names. "In particular, the overall shortfall of $1.4 billion is attributable largely to premiums’ falling short of expected c…
> The CBO [2, "The National Flood Insurance Program: Financial Soundness and Affordability"] calls that out as clearly as possible without naming names. The CBO is calling out FEMA's estimates of future losses as being too low. As far as the administrators of the program are concerned, premiums are set appropriately. This report doesn't really apply to this discussion, other than to highlight that the coastal countie…
And indeed, the reason FEMA is doing that is because Congress explicitly tells it to.
See this example of political football:
Biggert–Waters Flood Insurance Reform Act of 2012 passed to properly set rates.
https://en.m.wikipedia.org/wiki/Homeowner_Flood_Insurance_Af...
Leading to the Homeowner_Flood Insurance Affordability Act of 2013, essentially prohibiting rates from raising. Amazingly, the CBO scored this as neutral due to some offsetting surcharges elsewhere.
https://en.m.wikipedia.org/wiki/Homeowner_Flood_Insurance_Af...
Suffice to say, Florida votes are absolutely being bought with artificially low rates through the NFIP.
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I've worked as an intern at a commercial property company (Colliers International) several years ago. One thing I've learned is that commercial property (be it office or residential) is always being sold. They are essentially large bonds you can touch and live in.Party A develops or buys the building, gains an annuity via rent, attempts to raise rent slowly over a few years (thus increasing the value of the property)…
Markets are made by both buyers and sellers. Demand is ostensibly driven by consumers, and value created by meeting consumer demands. Are consumers demanding the above with their money and not just their mouths? I doubt it.
I just went to Miami for the first time. I loved Miami Beach. Also surprised by how relatively inexpensive real estate was.
> Also surprised by how relatively inexpensive real estate was. Compared to what? South Florida real estate is pretty expensive, compared to the rest of the US.
But compared to most of the US, South Beach is pretty expensive.
I live in Orlando. I have lived in Florida for all of my life (47 years) and I also wonder how we are going to adapt. I don't see any long term planning. A few years ago I was looking for a new office building. Considering the parking situations, I asked each developer what they were planning for electric cars, Ubers, and autonomous cars. None of them had a plan. They all said such changes were 20 years or more away.…
It's not expensive to install electric chargers in existing building. "Planning" for Uber involves what? Having a drive in in front of the building? How do you plan for non-existent self driving cars? Any practical advice you can share with the architects here?
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Seeing as they failed New Orleans in the first place with the levee pilings, 14 billion is penance, not anything forward looking
What would be an appropriate number, then?
$92 billion for the coast and probably another $20 billion for New Orleans? It doesn’t have to be all at once.
I live in Orlando. I have lived in Florida for all of my life (47 years) and I also wonder how we are going to adapt. I don't see any long term planning. A few years ago I was looking for a new office building. Considering the parking situations, I asked each developer what they were planning for electric cars, Ubers, and autonomous cars. None of them had a plan. They all said such changes were 20 years or more away.…
It's not expensive to install electric chargers in existing building. "Planning" for Uber involves what? Having a drive in in front of the building? How do you plan for non-existent self driving cars? Any practical advice you can share with the architects here?
In Central Florida, this means having a safe place for people to stand and wait. That area gets frequent and often nasty thunderstorms.
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It's not expensive to install electric chargers in existing building. "Planning" for Uber involves what? Having a drive in in front of the building? How do you plan for non-existent self driving cars? Any practical advice you can share with the architects here?
You can't install more than a handful of chargers without needing to run new circuits back to the main panel. Installing a hundred (not unreasonable for future needs!) would probably double the power consumption of the entire building, and require upgrading the utility connection, maybe even running new lines to the closest substation.