From today's NY Times, here are two graphs on the impact of sea level rise -- or rather, the worry about it -- on home sales and prices in Florida:
I'm not as convinced on the prices chart -- why did they lead from 2013-2017? Is it only since 2017 that Floridians have become more aware of the impact of sea-level rise there? Maybe.
These kind of financial impacts -- plus increases in insurance costs, or the inabilityvto get insurance at all -- will probably be the only thing to get people to take sea level rise completely seriously. Including governments. Once seaside towns start losing homes -- and property taxes -- partially or completely, they're going to demand their state and federal goverenments do something. What, I don't know.
1 comment:
> What, I don't know.
They're going to demand that other people bail them out. See all the federal flood-insurance stuff.
I think prices are more convincing than volumes, and you're right that the price chart, though it is doing the "right thing" now, wasn't before; so over-interpreting it would be a mistake.
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