Real Estates And Global Warming

Scientists estimate that climate change will bring a rise in sea level of several meters. Not only could this make beach front property a bad investment in the future, but areas that are significantly inland and not far above sea level could also be inundated too.

Real Estate And Rising Sea Levels

The rise of sea level will is no longer a theory but a fact. It is a fact, measured during the 20th century to be about 20cm and it was noticed that islands in the South Pacific had begun to disappear under the waves.

Even in cities with popular real estates, investors are feeling the pinch when storms, typhoons and flood are becoming a yearly or even monthly affair. With frequent massive flooding from tropical storm that just refuses to dissipate or move elsewhere, Florida is no longer a good place for real estates investment. This is a tragedy to millions of investors who enjoy this sun-drenched peninsula for its beaches and unique wildlife. To prepare for the worst, some investors are moving northwards to a distant location – well away from overflowing oceans and therefore a duller but safer bet.

Redrawing The Real Estate Maps

Areas at the top of the world, especially those who stay near the poles, are the first to feel the effects of a damaged ozone layer. The entire ecosystem near these formerly glaciated areas has changed. As people living in alpine areas throughout the world have noticed, the glaciers are melting. They have, in fact, been melting at a much slower rate for many centuries.

Hurricane seasons, shrinking glaciers, increasing drought and the spread of disease-carrying insects are making it necessary to redraw the real estate maps regularly. In the recent version, the map should erase large chunks of Manhattan, the Florida Peninsula, the San Francisco Bay Area and miles of coastal real estate worldwide. Seaside homes and other shelter miles inland will vanish beneath oceans rising 20 feet or more.