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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.
OK, what acceleration rate do you spot? You can download the raw data from that site, do a fit. Exponential, polynomial (2nd order), it's all pretty much a straight line.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Nowhere in the article or summary does it mention anything about acceleration, or even comment on the rate of increase at all.
Then you didn't dig far enough. Their article is based on this paper which says its "research builds on a growing body of literature which suggests that SLR is occurring at a more rapid pace than even some of the more liberal projections can account for". So - accelerating sea level.
Meanwhile the page you linked clearly shows a steady upward trend in tide height.
Correct - to show there's no acceleration, so it's nothing about "climate change" from man. It's natural. Moral of the story? Don't build on land that is subsiding, has zero altitude, or in a flood plain. We've had an increasing sea level for thousands of years, and it's going to continue until the next ice age.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Note the distorted headline: Sea Level Rise Already Causing Billions in Home Value To Disappear
You are to think rising seas are already wiping out billions of dollars worth of homes.
But it is just the fear of it, not actual destruction or even encroachment. Pay attention when these stories crop up from time to time. Oh noes, sea rise is causing an island to sink and the inhabitants are moving out! In the fine print, the sea isn't rising over the island, but the very low island is just compressing under the water finally.
"Global warming sea rise will be like (Phucket) tsunami!" In the fine print, there may be 3 to 30 foot sea rise (same as tsunami!) but over 100-300 years, not 30 seconds.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.