To summarize this thread
So to summarize this thread
2010-2200 (2017) Global SLR scenarios by decade and for 2200
- There is legitimate uncertainty about timing and magnitude of the threat to residential areas
2010 Relating sea level rise to storm return time for NYC
Increase in 100-year flooding events based on 1 meter SLR
- It's not just a matter of SLR - it's a matter of storm surge, winds, and other factors
- Organized efforts to hide the potential threat are also underway; it's not just about uncertainty
The availability heuristic is at work
There is a significant discount in property value immediately after a flood, but it doesn't last
- Compounded with cognitive biases, residential markets are confused, even as the conversation gets louder
- Many participants are waiting for a sign to act, and assuming they'll be able to act first