South Florida continues to attract new residents despite its susceptibility to sea-level rise. This book explores the views of real estate agent with respect to how prospective homebuyers assess the risk of flooding. It reports on their observations as to whether house prices are stagnant or falling in coastal areas vulnerable to flooding, and their conclusions after working with prospective homebuyers as to whether coastal south Florida is a good place to find a home or, alternatively, a risky investment in a place that will eventually be submerged by rising seas. The book reports on a 2020 survey of real estate agents and concludes that it is not clear that the housing market has integrated flood risk either into reduced demand for housing or in reduced prices for houses susceptible to flooding. These conclusions have important implications for understanding how the risks of climate change and sea-level rise are reflected in the housing market both now and in the near-term future.
South Florida is frequently cited as the part of the United State of America as most susceptible to the devastation accompanying sea level rise. Several scholarly studies have shown the negative impact of coastal location in Florida on housing values. Are the residents of South Florida concerned? Is susceptibility to sea level rise actually affecting the housing market in terms of demand, the availability of home mortgages, or house prices? Are people living at particular risk from sea level rise aware of this risk and more open to new information about climate change? Do they support policies and laws to mitigate the pace and extent of climate change? Answers to these questions are not only of general interest, but they are also key to our understanding of the human dimensions of this problem. This book describes the results of a detailed survey in which respondents viewed a local map displaying flooding to their own community that would result from a Category 3 hurricane in 2033. It discusses political party identification and ideology that has an overwhelming impact in shaping views about sea level rise and climate change. This book has enormous implications for the effectiveness of communicating risk information. The text is important if we, as a nation, are to design communication strategies that will lead to broader policy to combat or mitigate this risk.
South Florida continues to attract new residents despite its susceptibility to sea-level rise. This book explores the views of real estate agent with respect to how prospective homebuyers assess the risk of flooding. It reports on their observations as to whether house prices are stagnant or falling in coastal areas vulnerable to flooding, and their conclusions after working with prospective homebuyers as to whether coastal south Florida is a good place to find a home or, alternatively, a risky investment in a place that will eventually be submerged by rising seas. The book reports on a 2020 survey of real estate agents and concludes that it is not clear that the housing market has integrated flood risk either into reduced demand for housing or in reduced prices for houses susceptible to flooding. These conclusions have important implications for understanding how the risks of climate change and sea-level rise are reflected in the housing market both now and in the near-term future.
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