LadyStanley
Registered User
http://sanfrancisco.cbslocal.com/2016/08/02/rising-sea-levels-california-homes-zillow/
Ocean front property just ain't worth what it used to be.
According to Zillow, nearly two million homes across the U.S. could be lost. The researchers cited a study published in the journal Nature that found sea levels could rise six feet in the next 84 years, mainly due to melting Antarctic ice sheets.
Using data from the National Oceanic and Atmospheric Administration, Zillow found 42,353 homes in California, or 0.4 percent, are at risk of being underwater. The median value of an at-risk home is $891,269 and the total value is $49.2 billion.
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Nationally, rising sea levels could claim more than 1.86 million homes by the end of the 21st century, Zillow said.
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Housing markets in Florida and Hawaii would be the hardest hit with a six-foot rise in sea levels, with one in eight homes in Florida at risk of being lost. In Hawaii, nine percent of homes would be lost if sea levels rose as much as scientists predict.
Ocean front property just ain't worth what it used to be.
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