At some point the reality that the region is not long for this world will have to sink in, and when it does, demand for homes in the region will crater to a degree that not many living there now probably fully comprehend … so, when will that be?
...That article noted that events such as Hurricane Irma are slated to make it abundantly clear to all of those who aren’t senile that South Florida is in an incredibly vulnerable position with regard to sea level rise and climate change.
...The piece from Bloomberg provides more: “It’s too soon to know how Irma affected the market, says Aaron Terrazas, a senior economist at Zillow.
But there’s anecdotal evidence that it’s taking a toll on property values: A company that assesses flood risks is booming, and workshops for municipal leaders to deal with the impact are drawing sold-out crowds..."
Read on.
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