August 3, 2016

Almost 1.9 million homes could be under water by 2100


Scientists currently estimate that sea levels could rise more than six feet by the year 2100. If that comes true, American homes worth nearly $900 billion could be underwater. Not just in the financial sense.

A new report from Zillow estimates that with a six-foot sea level rise, “almost 1.9 million homes (or roughly 2 percent of all U.S. homes) – worth a combined $882 billion – are at risk of being underwater by 2100.” That is the current value of those homes—by the end of the century, the number will be much higher.

No comments: