Maimi water-supply contamination will trigger real estate panic

Which brings us to the next problem. The real estate boom in Miami will come to an end one day. A major slump in property prices could hit tax revenues making it more difficult for Miami to pay for climate change preparations. But the nightmare scenario is that the threat of climate change and sea-level rise could turn Miami from a destination city into a depopulating backwater with plummeting real estate values and contracting economic activity, and with all this happening "before the sea consumes a single house." Who would pay for all the needed adaptation for those staying behind?

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