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Originally Posted by Taltarzac725
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Yes, many are Even here in Florida, Miami is working on massive pumping stations and dikes to hold back the rising ocean. They have to pay for it themselves, but we are not allowed to discuss why the federal government refused their request for aid.
If climate change is real, the odds are S. Florida, all of it below Lake Ockachobee will be underwater, not much, but enough to destroy trillions of dollars of property.
This is expected in the next 30 to 50 years.
There are already discussions about if the State will subsidize insurance companies providing flood insurance. Sadly, unless the state/feds agree to go the route of Holland and build a massive dike system up the east and west coasts, I am completely opposed to taxpayers paying for the coming floods. It is time for property owners to start cutting their losses and getting out of S. Florida. Needless to say, that is going to be somewhat controversial.
On the other hand, I expect great deals on land on the coasts of S. Florida if you don't believe Climate Change is real.