23 May 2016

Sea level rise and property values

While the news story is several months old, I was struck when I read this story from Key Largo. It details how the streets of Key Largo are flooding with increasing frequency. The article includes a picture of a flooded street on what appears to be an otherwise nice day - just a high tide with a super moon will do it. But the interesting twist was this quote:
"So far we have not been seeing buyers being concerned with sea level rise, which I'm a little surprised given all the media attention it has garnered lately," said Lisa Ferringo, president of the Marathon/Lower Keys Board of Realtors.
When will shore towns see that change? How much flooding is a meaningful inconvenience? Is this a bubble about to burst or a new standard of social resilience. Seems like there should be some sociologists building predictive models on this.

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