How Climate Change will affect Miami Real Estate

[Erick Torres]

Good afternoon all and a (pre) Happy New Year!

I have found myself more and more interested in climate change recently and would like to gather the thoughts and opinions of some of my neighboring real estate investors on how you all think climate change will affect the RE market in Miami. Sea levels rise here between 3-4 mm each year, and the majority of areas like Miami Beach and other coastal properties are expected to be either underwater or near it by 2050.

I have one condo, but it is more inland near on Coral Way and 35th ave. But if I want to invest into future homes for myself and my family, how would you approach this? I presume this is why so many people are buying more up north for higher ground (North Carolina, Tennessee, etc.)

Thanks!

[Greg Grant]

I've been in South Florida since the early 1980's and from what they were saying back then, we should already be under water by now.