How Miami's Real Estate Market Could be Hit by Sea Level Rise

The latest reports from the National Oceanic and Atmospheric Administration predict that sea levels are likely to rise almost three feet by the end of the century. And in South Florida, sea level rise and climate change are already having an effect on roads and drinking water.

But looking at Miami Beach’s real estate market, you wouldn’t know that the city is potentially facing a half a trillion dollars in flood damage. Shane Smith met with two of Miami beach’s top real estate brokers, Jill Hertzberg and Jill Eber, to find out what’s protecting the market. He also speaks with an insurance expert from Wharton who explains how the city’s public funds come predominantly from real estate taxes — meaning that putting more property at risk is also the very thing helping Miami deal with rising seas.

Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News

Check out VICE News for more: http://vicenews.com

Follow VICE News here:
Facebook: https://www.facebook.com/vicenews
Twitter: https://twitter.com/vicenews
Tumblr: http://vicenews.tumblr.com/
Instagram: http://instagram.com/vicenews
More videos from the VICE network: https://www.fb.com/vicevideo

Видео How Miami's Real Estate Market Could be Hit by Sea Level Rise канала VICE News