Showing posts with label property values. Show all posts
Showing posts with label property values. Show all posts

Saturday, 5 September 2020

Choosing A Place To Retire? Factor In Climate Change (excerpt): Forbes


The hazards of wildfires and extreme heat are also intensifying due to climate change.
Hurricane damage
(Pics added by this blog)

"When Bill and Annemarie Kachur retired in early 2016, they saw no reason to go anywhere. The gray shingled bungalow in Myrtle Beach, S.C. had been their home for more than 15 years.

“I’ve been here so long, it’s a sense of roots now for me,” says Bill, 65, who spent his early career hopping around the country, working on-air at various radio stations. 

Plus, they were already in a haven for retirees. “I like the fact that there isn’t a winter,” says Annemarie, who’ll be 65 in September.
But in recent years, their idyllic spot about 2 ½ miles from the Atlantic Ocean has revealed an ominous side: hurricane season. “I just noticed that the last four or five years, we keep getting hammered,” recalls Bill.

Two Hurricane Evacuations Since 2016

Since 2016, the Kachurs have ridden out four hurricanes, including two evacuations to safer ground.

“Ten months out of the year, it’s great,” says Bill. “And then there’s a couple months out of the year when you’re walking on eggshells and you’re a little bit concerned about what’s blowin’ in the wind, so to speak.” 

Warm, beachy spots on the Atlantic, Pacific and Gulf Coasts have been retirement magnets for decades. But, as Hurricane Laura just underscored, they’re also squarely in the crosshairs of the changing climate, effects of which are already evident in many of the nation’s most popular retirement destinations.

The hazards of wildfires and extreme heat are also intensifying due to climate change.
Planned retreat from rising seas


Climate Change and Retirement Location Decisions

“Current climate and future climate is absolutely something that people should be thinking about when deciding where to live, where to retire,” advises Radley Horton, a climate scientist at Columbia University’s Earth Institute, who has focused on climate adaptation strategies. “Those are absolutely critical concerns when you think about impacts directly on the home, but also livability outdoors — things like critical infrastructure, too,” says Horton.

The hazards of wildfires and extreme heat are also intensifying due to climate change.
Californian Wildfires
Rising seas are threatening things we tend to take for granted in many areas, like major freeways, airports and sewage treatment plants. The hazards of wildfires and extreme heat are also intensifying due to climate change."

Where then to retire to? : Read complete Forbes article: By Craig Miller, Science Journalist

Related: Port Macquarie after a 7m sea level rise. Insurance risks affect property values now.

Related: 'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR

hurricanes, #searise, #bushfires, property values, insurance, #America, #Australia, #Houston, #wildfire,  

Thursday, 11 April 2019

Port Macquarie after a 7m sea level rise. Insurance risks affect property values now.

Port Macquarie after 7m sea level rise. Click to enlarge
Port Macquarie with 7m sea level rise: Click to enlarge.
• We are looking more and more unlikely to prevent global heating.

• Scientists are predicting the melting of the ice covering Greenland  with a subsequent sea level rise of 7m.

• This rise does not factor in sea rise from the melting of Antarctica and other ice.

• Already many properties and infrastructures are likely to flood when a high tide is combined with high local rainfall. What were a hundred year rainfall events are now ten year events.

• The frequency of high rainfall events will increase with global heating and more and more severe hurricanes are predicted because of warmer seas.

• Low coastal areas will also be subjected to severe storm surges.

• Would you buy a property likely to be inundated in twenty years, fifty years, a hundred years? Many wouldn't. Even the perception of possible inundation will greatly affect property values. Insurers are already reluctant to insure many properties that were once only likely to flood every 100 years.

• When certain properties are in less demand their value falls.

• Would you buy a property with a value likely to fall?

•  The view of Port Macquarie above shows areas likely to be inundated by even a 7m sea level rise. Note the flooding of infrastructure and roads. Water supply will be affected. How could levees hold back such an onslaught?

• Property above a 10m rise will become highly sought after and will greatly rise in value. Property able to be accessed by road will increase in value but properties isolated by sea rise will lose value. New, costly road routes above the Hastings River floodplain will be required. Will NSW be able to afford to update all its infrastructure? Of course local government will be raising rates in an attempt to maintain infrastructure.


Isaac Cordal sculpture depicting politicians discussing global warming

Learn more about how sea rise inundation will affect Australian property.

Click here to go to Coastal Risk Australia site

Related: 'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR 




#inundation  #sea rise  #searise  #climatecrisis  #climatechange  #ice  #melting ice  #insurancerisk  #floods  #climate catastrophe  #Port Macquarie

Saturday, 6 April 2019

Urunga NSW: Very affected by sea level rise.

Unundation of Urunga NSW with 7m sea rise. Click to enlarge.
• We are looking more and more unlikely to prevent global heating.

• Scientists are predicting the melting of the ice covering Greenland  with a subsequent sea level rise of 7m.

• This rise does not factor in sea rise from the melting of Antarctica and other ice.

• Already many properties and infrastructures are likely to flood when a high tide is combined with high local rainfall. What were a hundred year rainfall events are now ten year events.

• The frequency of high rainfall events will increase with global heating and more and more severe hurricanes are predicted because of warmer seas.

• Low coastal areas will also be subjected to severe storm surges.

• Would you buy a property likely to be inundated in twenty years, fifty years, a hundred years? Many wouldn't. Even the perception of possible inundation will greatly affect property values. Insurers are already reluctant to insure many properties that were once only likely to flood every 100 years.

• When certain properties are in less demand their value falls.

• Would you buy a property with a value likely to fall?

•  The view of Urunga above shows areas likely to be inundated by even a 7m sea level rise. Note the flooding of infrastructure and roads. Newry Island has disappeared.

• Property above a 10m rise will become highly sought after and will greatly rise in value. Property able to be accessed by road will increase in value but properties isolated by sea rise will lose value. New, costly road routes above the Bellinger/Kalang Rivers floodplain will be required. Will NSW be able to afford to update all its infrastructure? Water supply will be affected.


Isaac Cordal sculpture depicting politicians discussing global warming

Learn more about how sea rise inundation will affect Australian property.

Click here to go to Coastal Risk Australia site

'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR 


#inundation  #sea rise  #searise  #climatecrisis  #climatechange  #ice  #melting ice  #insurancerisk  #floods  #climate catastrophe  #Urunga

Wednesday, 3 April 2019

Will Bellingen Property Values be affected by a 10m sea rise?

Bellingen with a 10m sea rise. Click to enlarge.
• We are looking more and more unlikely to prevent global heating.

• Scientists are predicting the melting of the ice covering Greenland  with a subsequent sea level rise of 7m.

• This rise does not factor in sea rise from the melting of Antarctica and other ice.

• Already many properties and infrastructures are likely to flood when a high tide is combined with high local rainfall. What were a hundred year rainfall events are now ten year events.

• The frequency of high rainfall events will increase with global heating and more and more severe hurricanes are predicted because of warmer seas.

• Low coastal areas will also be subjected to severe storm surges.

• Would you buy a property likely to be inundated in twenty years, fifty years, a hundred years? Many wouldn't. Even the perception of possible inundation will greatly affect property values. Insurers are already reluctant to insure many properties that were once only likely to flood every 100 years.

• When certain properties are in less demand their value falls.

• Would you buy a property with a value likely to fall?

•  The view of Bellingen above shows areas likely to be inundated by a 10m sea level rise. Note the flooding of infrastructure and roads.

• Property above a 10m rise will become highly sought after and will greatly rise in value. Property able to be accessed by road will increase in value but properties isolated by sea rise will lose value. A much larger bridge will be needed between North and South Bellingen. New, costly road routes above the Bellinger River floodplain will be required. Will NSW be able to afford to update all its infrastructure? Water supply will be affected.


Isaac Cordal sculpture depicting politicians discussing global warming

Learn more about how sea rise inundation will affect Australian property.

Click here to go to Coastal Risk Australia site

'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR 


#inundation  #sea rise  #searise  #climatecrisis  #climatechange  #ice  #melting ice  #insurancerisk  #floods  #climate catastrophe 

Thursday, 21 March 2019

Will sea rise affect property values in Kempsey? It looks like it.

Kempsey NSW with a 7m sea rise. Click to enlarge.
• We are looking more and more unlikely to prevent global heating.

• Scientists are predicting the melting of the ice covering Greenland  with a subsequent sea level rise of 7m.

• This rise does not factor in sea rise from the melting of Antarctica and other ice.

• Already many properties are likely to flood when a high tide is combined with high local rainfall. What were a hundred year rainfall events are now ten year events.

• The frequency of high rainfall events will increase with global heating and more and more severe hurricanes are predicted because of warmer seas.

• Low coastal areas will be subjected to severe storm surges.

• Would you buy a property likely to be inundated in twenty years, fifty years, a hundred years? Many wouldn't. Even the perception of possible inundation will greatly affect property values. Insurers are already reluctant to insure many properties that were once only likely to flood every 100 years.

• When certain properties are in less demand their value falls.

• Would you buy a property with a value likely to fall?

•  The view of Kempsey above shows areas likely to be inundated by a 7m sea level rise.

• Property above a 10m rise will become highly sought after and will greatly rise in value.

Learn more about how sea rise inundation will affect Australian property.

Click here to go to Coastal Risk Australia site

'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR 


#inundation  #sea rise  #searise  #climatecrisis  #climatechange  #ice  #melting ice  #insurancerisk  #floods  #climate catastrophe 

Will sea rise caused by climate change affect property values in Nambucca Heads? It seems so.

Nambucca Heads with sea rise of 7m. Click to enlarge
• We are looking more and more unlikely to prevent global heating.

• Scientists are predicting the melting of the ice covering Greenland with a subsequent sea level rise of 7m.

• This rise does not factor in sea rise from the melting of Antarctica and other ice.

• Already many properties are likely to flood when a high tide is combined with high local rainfall. What were a hundred year rainfall events are now ten year events.

• The frequency of high rainfall events will increase with global heating and more and more severe hurricanes are predicted because of warmer seas.

• Low coastal areas will be subjected to severe storm surges.

• Would you buy a property likely to be inundated in twenty years, fifty years, a hundred years? Many wouldn't. Even the perception of possible inundation will greatly affect property values. Insurers are already reluctant to insure many properties that were once only likely to flood every 100 years.

• When certain properties are in less demand their value falls.

• Would you buy a property with a value likely to fall?

•  The view of Nambucca Heads above shows areas likely to be inundated by a 7m sea level rise.

• Property above a 10m rise will become highly sought after and will greatly rise in value.

Learn more about how sea rise inundation will affect Australian property.

Click here to go to Coastal Risk Australia site

'Retreat' Is Not An Option As A California Beach Town Plans For Rising Seas: NPR 


#inundation  #sea rise  #searise  #climatecrisis  #climatechange  #ice  #melting ice  #insurancerisk  #floods  #climate catastrophe