The high ground of inland Miami is becoming hot property as sea level rises says Scientific American report.
According to the magazine, black neighborhoods on higher ground are increasingly in the sights of speculators and investors. “Real estate investment may no longer be just about the next hot neighborhood, it may also now be the next dry neighborhood.”
“Oh, Miami Beach is going under, the sea level is coming up,” climate activists Harewood told the reporter. “So now the rich people have to find a place to live. My property is 15 feet above sea level, theirs is what? Three under?”
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A 2016 study at the University of Miami revealed that coastal flooding is becoming a reality; the flooding happens together with an accelerated rate of sea-level rise. The rate of sea-level rise in South Florida increased by 3 millimeters a year before 2006. After 2006 it jumped to 9 millimeters a year on average. Over the past decade, that’s about 3.5 inches of sea-level rise.
Climate change and Rising seas could result in 2 billion refugees by 2100
“Miami Beach”, the magazine reports, “has begun installing a multi billion-dollar network of pumps to return the flood water to Biscayne Bay.”
Jesse Keenan, a former Miami Beach resident who teaches adaptive approaches to climate change at Harvard University, said 20 percent of the population of Miami Beach could move out of the city in the next 20 years.
Counties, which are heavily based on strong tax as a matter of survival, are not even willing to admit possible real estate risks which may drive the residents and investors away while they need keeping people alive and paying taxes in the area… [Scientific American]