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Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (2018)

Mon, 2019-04-29 09:01 — Kathy Gilbeaux


CLICK HERE - STUDY - Union of Concerned Scientists - Underwater - Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (28 page .PDF document)

ucsusa.org - June 2018

Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people's homes, lives, and properties.

Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face.

This analysis looks at what's at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come.

(CLICK HERE - READ COMPLETE ARTICLE)

Country / Region Tags: 
United States
General Topic Tags: 
Climate
Economics
Sea Level
Problem, Solution, SitRep, or ?: 
Problem
Situation Report

Federal Report Says U.S. Impacts of Climate Change are Intensifying and Will Batter Economy

Mon, 2018-12-10 07:55 — Kathy Gilbeaux

           

weather.com

CLICK HERE - FOURTH NATIONAL CLIMATE ASSESSMENT

bbc.com - November 23, 2018

Unchecked climate change will cost the US hundreds of billions of dollars and damage human health and quality of life, a US government report warns.

"Future risks from climate change depend... on decisions made today," the 4th National Climate Assessment says . . .

. . . But it says that projections of future catastrophe could change if society works to reduce greenhouse gas emissions and "to adapt to the changes that will occur".

CLICK HERE - READ COMPLETE ARTICLE - Climate change: Report warns of growing impact on US life

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - U.S. Should Expect Worsening Weather Disasters, New Government Climate Report Warns

Country / Region Tags: 
Global
United States
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Adaptation
Climate
Economics
Extreme Weather
Health
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Situation Report

Credit Rating Firm Warns New Orleans, Coastal Cities to Prepare for Climate Change

Tue, 2017-12-12 21:38 — Kathy Gilbeaux

           

An aerial view of the Industrial Canal after its levee failed during Hurricane Katrina. (NOLA.com | The Times-Picayune file photo)

nola.com - by Tristan Baurick - December 11, 2017

One of the country's largest credit rating agencies has put New Orleans and other coastal cities on notice: prepare for the effects of climate change or risk a hit on your credit score.

In a new report, Moody's Investors Service warned that it will evaluate efforts to adapt to sea level rise, flooding, severe storms and other impacts from rising global temperatures when setting its ratings for loans and bonds. The report mentions New Orleans and Louisiana several times as high risk areas.

(READ COMPLETE ARTICLE)

 

Country / Region Tags: 
United States
General Topic Tags: 
Climate
Economics
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Situation Report

From Coast to Coast, Middle-Class Communities are Shrinking

Thu, 2016-05-12 16:24 — Kathy Gilbeaux

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
United States
General Topic Tags: 
Economics
Employment
Problem, Solution, SitRep, or ?: 
Situation Report

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