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Miami has been investing heavily in water pumping systems because they experience 'sunny day' flooding as a result of sea level rise and high tides. It will buy

Miami has been investing heavily in water pumping systems because they experience 'sunny day' flooding as a result of sea level rise and high tides. It will buy them some time but eventually they're going to either have to abandon ship or go full Venice.

Balgair 9y ago
Honestly, that would be pretty cool to see. Like, yeah, the path there is not 'fun', but a Venician Miami would be really cool if we could just snap our fingers and be at the end point.
- oAlbe 9y ago
  Foreigners have a really distorted idea of Venice. The whole city suffers from high tides to the point where they have a different electrical system compared to the rest of Italy. San Marco square is usually under knee-high water; a problem to which solution they spent €6B, but that didn't work out almost at all. Add the fact that the whole place smells like a sewer most of the time, and you have a better picture of what it is like. It might be a cool place for a 1 or 2 day visit, but definitely not a nice place to live.
aaroninsf 9y ago
I continue to be confounded by the real estate bubble in Miami for this reason. They can adopt whatever euphemisms they like; what they are experiencing is now sea level rise as a result of climate change. The trend towards inundation is clear and accelerating. Why then would you invest at Bay Area-level prices for a condo in a building which cannot keep its lobby dry, already? The entire Gulf is based on porous limestone bedrock which makes sea walls completely untenable as a solution. Water will find a way in. QED absent some truly miraculous black swan technological advance, Miami etc. are literally doomed to drown. WTH are people thinking? The only thing I can come up with is that it's a temporary parking place for foreign money banked at a loss if necessary to exfiltrate it into the US. :P
- Arizhel 9y ago
  >what they are experiencing is now sea level rise as a result of climate change. The trend towards inundation is clear and accelerating. >Why then would you invest at Bay Area-level prices for a condo in a building which cannot keep its lobby dry, already? >WTH are people thinking? Because the people of Miami simply don't believe you and don't believe that there's any climate change happening. And it's now the official position of the US government that there's no climate change.
  - SimbaOnSteroids 9y ago
    A lot of them also don't plan on living long enough to see the seeds bear fruit though or they're knowingly buying property that they know is on a bubble but also know that they don't plan on holding the property long enough to see the bubble burst.

Balgair 9y ago

Honestly, that would be pretty cool to see. Like, yeah, the path there is not 'fun', but a Venician Miami would be really cool if we could just snap our fingers and be at the end point.

oAlbe 9y ago
Foreigners have a really distorted idea of Venice. The whole city suffers from high tides to the point where they have a different electrical system compared to the rest of Italy. San Marco square is usually under knee-high water; a problem to which solution they spent €6B, but that didn't work out almost at all. Add the fact that the whole place smells like a sewer most of the time, and you have a better picture of what it is like. It might be a cool place for a 1 or 2 day visit, but definitely not a nice place to live.

aaroninsf 9y ago

I continue to be confounded by the real estate bubble in Miami for this reason. They can adopt whatever euphemisms they like; what they are experiencing is now sea level rise as a result of climate change. The trend towards inundation is clear and accelerating. Why then would you invest at Bay Area-level prices for a condo in a building which cannot keep its lobby dry, already? The entire Gulf is based on porous limestone bedrock which makes sea walls completely untenable as a solution. Water will find a way in. QED absent some truly miraculous black swan technological advance, Miami etc. are literally doomed to drown. WTH are people thinking? The only thing I can come up with is that it's a temporary parking place for foreign money banked at a loss if necessary to exfiltrate it into the US. :P

Arizhel 9y ago
>what they are experiencing is now sea level rise as a result of climate change. The trend towards inundation is clear and accelerating. >Why then would you invest at Bay Area-level prices for a condo in a building which cannot keep its lobby dry, already? >WTH are people thinking? Because the people of Miami simply don't believe you and don't believe that there's any climate change happening. And it's now the official position of the US government that there's no climate change.
- SimbaOnSteroids 9y ago
  A lot of them also don't plan on living long enough to see the seeds bear fruit though or they're knowingly buying property that they know is on a bubble but also know that they don't plan on holding the property long enough to see the bubble burst.