Rich Residents Build Defenses Against Rising Seas; Poor Ones Leave
scientificamerican.com
scientificamerican.com
The title of this article begs that same question.
What percentage of your actions is self-serving? Since we are mobile focused, I challenge this community to create an app that questions our motives in any given situation. Or is there an app already out there that does this? (edited formatting)
I haven't lived near the ocean for 35 years, but where I lived back then ocean-front property was a status thing and not cheap.
Since then, I've lived inland. Here, lake-front or even river-front homes are again status symbols and some of the most expensive property.
What's up with the poor on the waterfront? Is that really a thing?
(https://www.snopes.com/fact-check/obamas-mansion-marthas-vin...)
The projections have sea level rise reaching that property in 65-80 years. That's long enough for him and his family to enjoy it for the rest of his and Michelle's life, and for his children to inherit it and enjoy it for most or all of their lives.
I haven't seen anyone seriously say that we need to abandon existing coastal property. We just need to be cognizant of sea level rise and take that into account when deciding on the present value of the property.
According to an unsourced article from a gossip rag.
> I don't see any exodus of wealthy people from exposed coastal areas.
We're commenting on an article about wealthy people taking action to protect their exposed coastal property.