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URL:  http://boards.fool.com/but-if-they-become-unaffordable-does-that-mean-30940380.aspx

Subject:  Re: What a kick in the face Date:  10/24/2013  5:18 PM
Author:  spinning Number:  126463 of 127815

But if they become unaffordable, does that mean large regions of the US are abandoned?

Rolling Stone had an interesting article on the impact on Miami of increased flooding due to climate change.

http://www.rollingstone.com/politics/news/why-the-city-of-mi...

"The financial catastrophe could play out like this: As insurance rates climb, fewer are able to afford homes. Housing prices fall, which slows development, which decreases the tax base, which makes cities and towns even less able to afford the infrastructure upgrades necessary to adapt to rising seas. The spiral continues downward. Beaches deteriorate, hotels sit empty, restaurants close. Because Miami's largest economies are development and tourism, it's a deadly tailspin. The threat of sea-level rise bankrupts the state even before it is wiped out by a killer storm."
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