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Florida Must Ban New Coastal Building. NOW.
Written by Mark Weaver on 2 March 2009 — Leave a Comment This week’s disturbing Mark Weaver Show (2/28) features University of Miami Geological Sciences Professor Hal Wanless, also co-chair of the Miami-Dade Task Force on Climate Change. Listening to Dr. Wanless, and virtually the entire scientific community, you can’t help but conclude that the Florida Legislature needs to ban all new construction in low lying coastal areas this session. If we allow continued building in areas that are almost certain to be under water within one hundred years, and perhaps much sooner if some disturbing trends are accelerating (about which, below), we are setting ourselves up for a coastal real estate financial and insurance meltdown similar to the current financial collapse. The Big Question is, who’s going to pay for rising flood insurance claims and worthless coastal property as it begins to flood more often and slowly goes under water? Answer: insurance customers and the mortgage holders and banks as coastal owners walk away from their mortgages and file for bankruptcy. This could be the banking/insurance crisis of 2030.
Originally posted by Grayelf2009
reply to post by ProtoplasmicTraveler
My friends said the ocean is rising faster than what is being said they say feet not inches allready...he lives in Florida too. Can you confirm ?
Also seen on Fox I think a little segment about Galveston was sinking. Or should they say "Ocean is rising"?