Bloomberg News has an item (video) "Miami's Luxury Real Estate Battles the Rising Tide".
Investors continue to pour money into Miami Beach and Miami luxury real estate. The recognition of the occurrence of increased flooding is with raised roads, with new construction in Miami moving a little back from the ocean, with elevated construction, no underground garages, etc.
But the story suggests that people have faith that somebody will step up "to do something". I guess they expect some King Canute who can turn back the tides.
In the meantime, the climate change deniers are pushing the theory that the land in Miami is subsiding rather than the sea level is rising.
Investors continue to pour money into Miami Beach and Miami luxury real estate. The recognition of the occurrence of increased flooding is with raised roads, with new construction in Miami moving a little back from the ocean, with elevated construction, no underground garages, etc.
But the story suggests that people have faith that somebody will step up "to do something". I guess they expect some King Canute who can turn back the tides.
In the meantime, the climate change deniers are pushing the theory that the land in Miami is subsiding rather than the sea level is rising.
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