Devaluation of Coastal Properties?

February 20, 2018

 

While many Coastal Cities are well entrenched in sea wall bolstering, I wonder how many miles of rural coastline are left to their own defenses? In full disclosure, I am biased when it comes to ocean front property. Living near the ocean is special. And the ocean front communities share a special bond .

After reading the US Gov Climate Science Special Report you may say to yourself   it’s time to pay attention, grab the helm and navigate your options.

 The likelihood of a runaway Arctic thaw scenario increases every day. The growing risk can be diminished but you’ll see how the window of opportunity is closing.

 

Here’s some notes from an interesting Nov 2016 article in the New York Times / Science section by Ian Urbina. He discusses coastal devaluation due to global warming.

 

“Sean Becketti, the chief economist for Freddie Mac, the government-backed mortgage giant, issued a dire prediction. It is only a matter of time, he wrote, before sea level rise and storm surges become so unbearable along the coast that people will leave, ditching their mortgages and potentially triggering another housing meltdown…. “

 

Sean Becketti clearly believes in the climate scientist’s predictions should we not follow the science communities warnings regarding our Co2 and GHG emissions. Completely absent from his mention is what can be done to prevent such disaster.

Action needs to be taken NOW.  And as Dr. Hanson of NASA says;” public concern may be the ONLY THING capable of overcoming special interests.”

 

Ian’s article continues with a prediction of what might happen within a short 28 years.

“according to a 2016 report from CoreLogic, a real estate data firm. Southeast Florida experiences about 10 tidal floods per year now. That number is likely to be around 240 floods per year by 2045”

 

With 40% of the population living in coastal areas a Public Lobby for immediate policies to avert such disasters should be an easy thing. It’s time for us citizens to wake up.  It’s  becoming more and more apparent that a serious public concern and perhaps a strong public lobby is what’s needed before responsible policies can be enacted.

 

Public knowledge comes before a Public Lobby. We are working hard to broadcast the top Science Communities findings everyone should know.

It’s time to take action TODAY. We’ve made it easy for you to help.

Please join us at:   1WE.INFO.

 

 

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