"All of South Florida is building like crazy, like there is no tomorrow, which is true, unfortunately," said Wanless, the University of Miami scientist. "The plan is to build these homes and sell them to the Iowa pig farmer who has worked all his life to retire here, or get a nice investment for his grandchildren. They are being hoodwinked."
This leaves homeowners and banks on the hook for countless dollars in lost property values.
"If we follow the federal government's estimates, we could be at 6.6 feet by the end of the century," Wanless continued. "That curve puts us at 2 feet by 2048. That's barely a mortgage cycle away."
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Saturday, March 5, 2016
Rising Seas Pull Fort Lauderdale, Florida's Building Boomtown, Toward a Bust
Click here to access article by Katherine Bagley from Inside Climate News.