Rising Seas Turn Coastal Houses Into a Gamble
I've been warning about rising sea levels for several years, and just now they're beginning to think about in Florida. Perils of Climate Change Could Swamp Coastal Real Estate MIAMI — Real estate agents looking to sell coastal properties usually focus on one thing: how close the home is to the water’s edge. But buyers are increasingly asking instead how far back it is from the waterline. How many feet above sea level? Is it fortified against storm surges? Does it have emergency power and sump pumps? Rising sea levels are changing the way people think about waterfront real estate. Though demand remains strong and developers continue to build near the water in many coastal cities, homeowners across the nation are slowly growing wary of buying property in areas most vulnerable to the effects of climate change. But many economists say that this reckoning needs to happen much faster and that home buyers urgently need to be better informed. Some analysts say the economic...