Why are people getting getting 30-year mortgages in Miami when we know their city may resemble Atlantis by then?
When we look at the projections of sea level rises in the next century due to climate change, we see much of South Florida underwater. While it’s certainly not time to panic, isn’t anyone in that area concerned? Are they doing any long-term planning? Would you sign a 50-year mortgage on a condo located 5 feet above sea level?