Florida's new weather problems

[Stargazer99]

I have no sympathy for the well to do with homes on Florida's seashore. In the 1990's scientist told us that if we did not take steps to curb warming that weather would become more intense. Big Oil did not want to curb their production methods and so now we have floods, tornatos, etc more intense. I'll bet many of those home owners had investments in big oil and did not want to listen to science and now want to have tax money from hard working Americans to rebuild or tax
deductions. Like they didn't know weather would be a problem where they had homes.

[Srkdqltr]

1. They bet against the water and lost.

[Eyeball_Kid]

2. Florida still has an executive gag order for any employee to write or speak about Climate Change.

Miami's downtown is routinely flooded by high tides, but NO ONE can talk about the reasons for the new flood zone.

[SarasotaDem]

3. Many homes

Were built when there was 300 Yards of beach in front
60s

[Jade Fox]

4. The denial about Florida's physical future is just weird....nt

[lark]

5. It is so weird!

We moved (me back) to FL in 1989 and we knew then not to get a house on the water anywhere near the coast - too dangerous. We really wanted to live in the Keys, it was even somewhat affordable back then, but we saw a picture of the total destruction of Key West by a hurricane and it changed our minds. It was horrific! We ended up buying land across from the St. Johns with a nice river view but 25 ft. above the high water mark. We've lived here 34 years snd the water has never even come up to the houses actually on the river and much lower than us on our hill.

Why people would take the risk of buying on the coast in FL, if they aren't multi-millionaires, has never made any sense to me.

[Chainfire]

6. They buy on the coast because they can afford and insure it.

An ocean view is good if you can afford it.

I live in the "other Florida." 60 miles from salt water, 300' above sea level and surrounded by Oaks instead of palms. That aside, the insurance companies want to treat me like I was on a barrier island. If I were five miles North, I would be in Georgia and my insurance cost would fall dramatically. My insurance premiums have to subsidize the beachfront properties. Such is life in the gunshine state.

[mitch96]

8. To me it's like musical chairs. When the water comes and does not retreat he/she holding

the property is like when the music stops and you have no chair.
I think it hinges on insurance. When the insurance companies refuse to insure waterfront property, the market will tank. No insurance no loans. No loans property values will drop.
The richie rich know this and they will be long gone before this happens leaving the smucks holding the bag..YMMV
m

[CharleyDog]

7. The House Always Wins, meaning the gambling house. And insurance companies

don't like to lose. They don't like to pay out. Even high premiums won't cover the
massive constant loses that are here and more coming. Banks won't like lending to
houses that are uninsurable.

What could go wrong?