The hot, wet state of Florida is often held up as the poster child for climate change and rising sea levels, yet its real estate market has boomed despite the related risks. Prices have risen and investment has poured in, even as the warning drumbeat about the potential downsides related to climate change and rising sea levels have grown steadily louder.So it is not hard to see why the area’s real estate industry has chosen to ignore the warnings and keep building and investing, even in the areas where the danger is most acute. The science says one thing, but the money says another. The people who use real estate are not changing their behavior as a result of climate, so the industry isn`t either.
You don`t have to look hard to find analyses that highlight the particular risk faced by Florida, and its largest city, Miami, when it comes to the impact of climate change. The porous limestone underlying much of Florida makes the state particularly vulnerable to rising sea levels...
...moreRSK: The Wall Street Journal wrote an article on floating foundations that can rise and fall with the increased base water levels. It might just work like a floating pier or Giant house boat. Why not just use large obsolete cruise ships and tie them up at large docks and piers? Just thinking outside the box a bit...
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- - Volume: 8 - WEEK: 9 Date: 2/25/2020 9:18:37 AM -