Rising Seas May Wipe Florida Off the Map
The world may have been warned. But the threats of climate change remain as 64,000 South Florida homes are expected to face constant and chronic flooding in the next 30 years due to rising sea levels, a new study revealed.
“In the coming decades, the consequences of rising seas will strain many coastal real estate markets—abruptly or gradually, but some eventually to the point of collapse—with potential reverberations throughout the national economy. And with the inevitability of ever-higher seas, these are not devaluations from which damaged real estate markets will recover,” the study read.
The study said that apart from homes, government infrastructure is also at risk. These include roads, bridges, power plants, airports, ports, public buildings, military bases, and other critical...