CNBC: Billions in Tax Revenue Being Lost to Storms, Sea Level Rise
October 14, 2022
Obviously, Ian was a big storm.
But in a lot of places, you don’t even need a storm, just high tides to wash away valuable, and taxable, real estate. Diana Olick continues her brilliant and valuable work for financial network CNBC.
October 15, 2022 at 12:05 am
This is a major ethical quandary: Selling out while there’s still some perceived or theoretical value to your property is just foisting this problem on some other sucker and/or it accelerates the death spiral for the local property market.