“The question is whether people are going to be basing their real estate decisions on climate change futures,” said Hugh Gladwin, professor of anthropology at Florida International University, who says his research suggests higher-standing areas of Miami are becoming increasingly gentrified as a result of sea level rise. To counter those effects and preserve property values, Miami Beach has embarked on an ambitious and costly defensive programme that includes raising roads and installing powerful new pumps to shift the ever more regular floodwaters. Its assessment is backed by Albert Slap, president and co-founder of Coastal Risk Consulting, a Florida firm that provides flood risk analysis reports. It's a fact: climate change made Hurricane Harvey more deadly | Michael E Mann Read more“With storm surge and heavy rainfall increasing and climate and sea level rise, the system is just not working,” he said. “Will there be a massive decline in the property values of the flooded areas in Houston?

Source: The Guardian August 29, 2017 16:30 UTC