Real Estate Value and Rising Sea Level

“A very simple way of thinking about it is that it will be tens of thousands of dollars per resident in places that may not have a large tax base”

“Globally, the question of equity is even more acute, with cities in developed nations far better able to fund climate change adaptation projects than in developing countries.”

“Miami Forever Bond”

“The problem with investing in resilience is where is the cash flow ? What we’re doing is protecting against future damage, but there’s not a new positive cash flow. You’re not creating new value. You’re protecting against the loss of existing value. One way or another we’ve got to pay for this …”

https://e360.yale.edu/features/who-will-pay-for-the-huge-costs-of-holding-back-rising-seas

[ Comment: “Miami Forever Bond” ?!! Sell that sucker short.]

https://insideclimatenews.org/news/04082019/climate-change-ratings-agencies-financial-risk-cities-companies

https://www.theguardian.com/us-news/2019/aug/06/california-collapsing-beach-deaths-highlight-climate-fueled-erosion-crisis

http://climatechangepsychology.blogspot.com/2019/04/science-oceans-tallest-waves-are.html

https://www.fastcompany.com/90391923/the-east-coast-is-sinking-under-water-this-photographer-is-documenting-it-as-it-disappears

https://www.thestar.com/opinion/contributors/2019/08/19/washed-out-family-bike-ride-a-climate-change-harbinger-for-all.html

https://www.climatecentral.org/news/ocean-at-the-door-new-homes-in-harms-way-zillow-analysis-21953

That last link has a zillow study that is quite limited in that it looks only at homes built since 2009, but is useful. That first Yale link has a link to another study as well.

sidd

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