A new study shows that over the last several decades the price of real estate has been heavily influenced by the actual and anticipated effects of climate change.
At CityLab, Richard Florida relays the results of an academic study on a "still emerging and not yet clearly defined" phenomenon known as "climate gentrification."
As water levels rise and flooding increases, Miami will segregate along new lines, with the poor pushed farther into the region’s hinterlands, or perhaps out of the region altogether—exacerbating the substantial spatial inequality that already defines the region.
(Similar results were published earlier this year in the same journal.)
The strongest correlation between elevation and home prices were in the city’s most low-lying areas, including Miami Beach, which—despite admirable efforts to adapt to climate change—is still basically a vulnerable barrier island.
The study, Florida writes, also demonstrates that gentrification "does not simply reflect the preferences and decisions of so-called gentrifiers. It is often the product of larger structural forces and major public investments."
FULL STORY: ‘Climate Gentrification’ Will Deepen Urban Inequality
Climate Gentrification in Miami
With the threat of sea level rise, homes on higher ground in Miami are becoming increasingly desirable. But they are located in low-income communities of color, and residents are facing rising housing costs and displacement.
Low-Income Communities Left Behind in the Sea-Level Rise Discussion
The recent Florid King Tide provided more evidence that some communities in Miami-Dade County have been prioritized bin the ongoing response to sea-level rise.
Combating Climate Gentrification in Vulnerable Communities
As extreme weather forces more Americans to relocate to safer areas, this climate-driven displacement impacts not just those who flee high-risk areas, but also the communities they can displace from their new homes.
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The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
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A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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