Study: Property Owners will Lose to Sea Level Rise

September 15, 2022

Double whammy as tax revenues decline for communities, and expenses to mitigate and repair damage begin to rise.

Posted by greenman3610
Filed in Crock of the Week

3 Comments »

3 Responses to “Study: Property Owners will Lose to Sea Level Rise”

redskylite Says:

September 15, 2022 at 11:52 pm
“Sea levels around New Zealand rose twice as fast in the past 60 years as they did in the first half of last century, with climate change flagged as the primary culprit.”

https://www.theguardian.com/world/2022/sep/16/rate-of-sea-level-rise-around-new-zealand-doubles-in-past-60-years

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neilrieck Says:

September 16, 2022 at 3:12 am
Over the summer I heard that more than a few European ports were reporting a rise of 4 mm per year. Then yesterday I stumbled across this NASA site showing a new satellite measurement of 3.9 mm per year (15 inches per century):

https://earthobservatory.nasa.gov/images/150192/tracking-30-years-of-sea-level-rise

Remember that the average rise for the previous century was ~ 1.7 mm per year.

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rhymeswithgoalie Says:

September 16, 2022 at 3:29 am
This is why I bristle at accusations of doomerism: People have to prepare for imminent major losses, and no plausible human emissions reduction is going to change that. We have to be responsible meanyheads and stop catering to the sentiment (or elderly stubbornness) that can put off moving. Many many people will lose their neighborhoods (even if their particular house doesn’t flood) from collapse of housing prices and tax bases, and shame on town councils and other governing bodies for spending money on giant projects which should be spent on abandonment.

The government in the form of Fannie Mae and Freddie Mac should start seriously blue-lining areas and refusing to buy 30-year mortgages in denialist communities.

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