Monday, July 9, 2012

Real Estate in Florida: Invest Wisely

If you are thinking about buying a beachfront property in Florida (or anywhere else for that matter), think twice and choose wisely, as many places known for their beauty today, will become underwater habitats pretty soon.

A climate experts' summit took place recently in Florida, and The Gainesville Sun has the story: Karl Havens: Florida's warm future

The bad news:
The picture painted by the experts was bleak. Discussions included how to abandon areas of the Keys, lose large portions of the Everglades, and how to completely reconfigure Miami into a series of islands on historical ridges along the coast.
Between now and 2100, floods that happen every 100 years will start to happen every 50, then every 20, then every 5 — until large areas of coastal Florida are under the sea.
The good news:
The news is not all bad. Although there probably is enough excess CO2 in the atmosphere to drive some additional rise in sea level, scientists conclude that we can prevent devastating impacts of global warming on places like Miami and the Keys — if there is a concerted effort to reduce CO2 emissions in the next one to two decades. The costs of doing this will end up being much less than such unimaginable things as moving entire cities away from an advancing coastline.
However, the time is running out fast...