New Jersey and Florida "have the most to lose"...
Rising sea levels due to climate change may alter the lives of thousands.
Almost no city stands to lose as much money from climate change as Southampton, New York, Danielle Moran reports on bloomberg.com
The affluent Long Island suburb -- where the medial price of a home for sale is almost $2 million -- has the second highest level of property tax revenue at risk among municipalities with the likelihood of chronic flooding in the next twelve years, Moran wrote.
Only Central Coast, California, had more, she added.
For more of a timely report on what rising seas due to climate change could mean to thousands: https://www.bloomberg.com/news/articles/2018-06-19/taxpayers-in-the-hamptons-among-the-most-exposed-to-rising-seas?utm_campaign=news&utm_medium=bd&utm_source=applenews
Photo: Tumblr.
Next time on The Allen Report:
The Latest Darien Real Estate Update.
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