The National Geographic reports:
In a state exposed to hurricanes as well as rising seas, people like John Van Leer, an oceanographer at the University of Miami, worry that one day they will no longer be able to insure—or sell—their houses. “If buyers can’t insure it, they can’t get a mortgage on it. And if they can’t get a mortgage, you can only sell to cash buyers,” Van Leer says. “What I’m looking for is a climate-change denier with a lot of money.”
Why is Van Leer complaining. Warmists all want to punish people who live to close to the sea by raising insurance rates. He’s getting his wish.
The article ends, “Of the thousands of people in New York State whose homes were badly damaged or destroyed by Sandy’s surge, only 10 to 15 percent are expected to accept the state’s offer to buy them out at their homes’ pre-storm value. The rest plan to rebuild.”
So long as the rest of us (via taxes) subsidize building (and re-building) on barrier islands, the foolishness will continue, and the seas don’t need to rise to cause another disaster like Sandy. Truly, it was a man-made disaster, but it had nothing to do with CO2 in the atmosphere.
And NatGeo used to be decent publication.
He wouldn’t want to cheat a prospective buyer, would he? I’ll take my chances and ease his fears and conscience for 10 cents on the dollar. After all, it is a very risky investment.
BTW, the NatGeo article starts with Hurricane Sandy mauling islands in the Carribean. They make an all to common event sound unusual