Sea Level Rise Already Causing Billions in Home Value To Disappear (axios.com)

Sea level rise may seem like a far-off threat, but a growing number of new studies, including one out this week, shows that real estate markets have already started responding to increased flooding risks by reducing prices of vulnerable homes. From a report: According to a new report by the nonprofit First Street Foundation, housing values in New York, New Jersey and Connecticut dropped $6.7 billion from 2005 to 2017 due to flooding related to sea level rise. Combined with their prior analysis of 5 southeastern coastal states with $7.4 billion in lost home value, the total loss in 8 states since 2005 has been $14.1 billion. A recent slew of studies show how the housing market is responding to the increasing risk of coastal flooding -- with billions in value disappearing as investors wake up to the systemic risk.

Comments

Re:Not from sea level rise

[LynnwoodRooster]

You know, I believe Climate Change made you post what you just did, and your doubting of Climate Change is, in fact, the direct result of Climate Change! Now excuse me whilst I go and respond to Climate Change and use the bathroom. Because Climate Change.

Re: Yes, but other property is increasing in value

[cascadingstylesheet]

This house here? the one that's three kilometres inland and 150 METRES above sea level?

Hmm...I wonder what he thinks is going to happen...

I, too, stand with Al Gore and the eco-sustainability of mansions! Down with "repug-licans"!