GEOGRAPHY IN THE NEWS:
Are real estate values being affected by concerns about climate change? In Florida, at least, the answer is increasingly "yes." "[C]oastal real estate, especially in Florida, may be on the cusp of delivering that harsh wake-up call. The peninsula has outsized exposure: nearly 2 million people live in coastal cities. On the list of the 20 urban areas in America that will suffer the most from rising seas, Florida has five: St Petersburg, Tampa, Miami, Miami Beach and Panama City. In 2016, Zillow predicted that one out of eight homes in Florida would be underwater by 2100, a loss of $413bn in property. ... I spoke with a developer who wanted to remain anonymous, given business interests. He told me that he’s surprised that people are still buying, building and investing in coastal Florida. He estimated that a decade ago, only one in 10 buyers asked about the property elevation, or expressed concerns about rising seas. Today, nearly six of 10 ask and many decide not to buy in these same critical areas. 'I’m worried we’re one bad storm away from a rush for the exits,' he told me." www.theguardian.com/environment/2019/feb/15/florida-climate-change-coastal-real-estate-rising-seas
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