Thursday, March 24th, 2016
Stephan: Rick Scott -- one of the creepiest Republican zombie governors -- Jindal, Brownback, Walker, LePage -- supported by his colleagues in the legislature may believe climate change is an occult scam by scientists to get funding. People with an interest in facts have a rather different view, and even local media has become awakened to what is coming. This though is the first time I have seen a story quite this explicit about the migration aspect in a specific area of the country.
If you own property in Central and Southern Florida headlines such as the one accompanying this article ought to give you pause. If you do own such property, I think, you have about 10 years before serious devaluation starts. And as this article spells out, you may start seeing real estate changes even before then.
Miami flooding
Credit: Miami Herald
The number of people threatened by rising seas fueled by climate change in the U.S. could be three times greater than previously estimated, with more than six million Floridians at risk under a worst-case scenario, according to a study published Monday. (emphasis added)
For the first time, a team of researchers looked at ongoing population growth in areas where the National Oceanic and Atmospheric Administration has created flood maps that more accurately reflect local conditions. What they found was startling: projections that failed to factor in population growth in dense states like Florida hugely underestimated the number of people at risk and the cost of protecting them.
Combined with the findings from a 2015 report, that means Florida can claim two titles: most property at risk and now, most people.
“In terms […]