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Every Coastal Home Is Now a Stick of Dynamite. Summary by The Atlantic. Wealthy homeowners will escape flooding. The middle class can't. Published 3 months ago.
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Carlos Camargo, Ph.D. ๐ณ๏ธ๐ Retired REALTORยฎ | American Studies Scholar/Educator, Tech Professional & Development Boss ๐ณ๏ธ๐. 1y. Rising sea levels are turning coastal homes across the U.S. into sticks of dynamite, passed onto less and less wealthy owners. At some point, they will blow https://lnkd.in/gc6wcKV3 Wealthy homeowners.
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The clock is ticking for many low-lying coastal areas. Sea level is rising at historic rates, promising to radically redraw the map.. Read: Every coastal home is now a stick of dynamite "The.
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Every Coastal Home Is Now a Stick of Dynamite. Wealthy homeowners will escape flooding. The middle class can't. Jake Bittle; February 20, 2023
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Every Coastal Home Is Now a Stick of Dynamite
Norfolk has been flooding like that for a long time. Street flooding from nor'easters and hurricanes were a thing in the 90s when I was an undergrad there.
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Every Coastal Home Is Now a Stick of Dynamite. 100% FAKE NEWS. Since the Federal Government took over Flood Insurance everyone can get it and its super cheap. I live in Houston, and we pay $500 a year for flood insurance and it paid us $50k last flood to repair the floors and we just renewed and its $500. The Federal Government by taking over.
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but if I move inland to get away from the coast I might end up near a train chemical spill right? You can't win!
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In 2021 alone, over $14 billion worth of coastal real estate was lost to rising seas and erosion. Coastal property values are projected to tank by 15% or more in the next 30 years as risks escalate. And getting a mortgage is already nearly impossible in many flood-prone areas. See what I mean about every coastal home becoming a stick of dynamite?
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The houses were about half a mile from the river, but monthly flood-insurance premiums on the homes were $800 to $1,000โalmost as much as their mortgage payment. Driving down a waterfront street called Richmond Crescent, the Langfords noticed that every home had been elevated at least 10 feet off the ground, perched atop a giant frame of.
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"Every Coastal Home Is Now a Stick of Dynamite" The Langfords got out of Houston just in time. Only two months after Sara and her husband, Phillip, moved to Norfolk, Virginia, in June 2017.
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Every Coastal Home Is Now a Stick of Dynamite. Wealthy homeowners will escape flooding. The middle class can't. The Langfords got out of Houston just in time. Only two months after Sara and her.
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With sea level rise, every coastal home is now a stick of dynamite. Long before rising seas inundate coastal cities, the coastal real estate market will fall, and once property values decline, they will not go back up, Bittle writes. He likens owning a coastal home to holding a stick of dynamite with a long fuse.
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By Jake Bittle โ Wealthy homeowners will escape flooding. The middle class can't.
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Every Coastal Home Is Now a Stick of Dynamite. The Langfords got out of Houston just in time. Only two months after Sara and her husband, Phillip, moved to Norfolk, Virginia, in June 2017, Hurricane Harvey struck, destroying their previous house and rendering Sara's family homeless. By comparison, Norfolk felt like paradise.
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Every Coastal Home Is Now a Stick of Dynamite. The Langfords got out of Houston just in time. Only two months after Sara and her husband, Phillip, moved to Norfolk, Virginia, in June 2017, Hurricane Harvey struck, destroying their previous house and rendering Sara's family homeless. By comparison, Norfolk felt like paradise.
