3 ms·
Wealthy people are probaly going to be the least likely to be affected by climate change. From wikipedia: > Real estate prices in Miami already reflect the inc
by dmix 4y ago
Wealthy people are probaly going to be the least likely to be affected by climate change. From wikipedia:
> Real estate prices in Miami already reflect the increase in prices for real estate at a higher elevation within the city compared to real estate at a lower elevation
It's usually the existing poorer population that already owns property next to low lying areas next to the water that will get caught holding the bag when asset prices drop.
Besides FL migrants are typically older people retiring, not making longer-term plans.