Will Miami’s Property Values Sink, Too?

Miami’s Biscayne Times presents a critical look at the value of property and the region’s future at a time of rising seas.

Writes the author:

Rising seas are an unavoidable destiny for Florida and the world at large. Since the Industrial Revolution, mankind has been steadily spewing gases into the atmosphere. As a result, our air has the highest concentration of carbon dioxide, methane, and nitrous oxide of the past 800,000 years, according to a 2014 report from the Intergovernmental Panel on Climate Change, the authoritative United Nations body that represents a consensus among scientists worldwide. (In 2007, the IPCC was awarded the Nobel Peace Prize for its work.) The result is an increase in temperatures, warming of the oceans, and destruction of polar cap ice.

The oceans are rising at a rate faster than they have in the past 2000 years, and that rise expected to speed up. By 2030, oceans could be a half-foot higher than they are now. By 2100, the oceans could be around five feet higher than they are today, give or take a few feet…

Read the rest here.

Image from the Biscayne Times.

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