Thursday 14 September 2017

Thursday News: Head in the sand

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COASTAL REAL ESTATE BROKERS CONTINUE TO FIGHT SEA LEVEL RISE WARNINGS: All along the coast of the southeast United States, the real estate industry confronts a hurricane. Not the kind that swirls in the Atlantic, but a storm of scientific information about sea-level rise that threatens the most lucrative, commission-boosting properties. These studies warn that Florida, the Carolinas and other southeastern states face the nation’s fastest-growing rates of sea level rise and coastal erosion — as much as 3 feet by the year 2100, depending on how quickly Antarctic ice sheets melt. “This is very concerning,” said Willo Kelly, who represents both the Outer Banks Home Builders Association and the Outer Banks Association of Realtors and led a six-year battle against state sea-level-rise mapping in North Carolina. “There’s a fear that some think tank is going to come in here and tell us what to do.”
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