It's an interesting tug of war, Florida and Texas vs other states. Businesses move there because it's the wild west and low regulation, but their climate costs are accelerating rapidly which is going to lead to what I can only describe as this image from São Paulo: https://www.theguardian.com/cities/2017/nov/29/sao-paulo-inj...
What happens as these states continue to get squeezed by unfavorable long term economics while these businesses and the wealthy continue their performance art? What happens when it becomes constantly more difficult to attract labor to states where the quality of education is low (assuming workers who have or plan to have kids) and the cost of living continues to go up (insurance, etc). An interesting natural experiment and observations ahead.
(Florida resident for the last ~decade, but no longer as of late; US climate costs are approaching ~$1T/year, make good choices)
I've mentioned this before, but once the climate problems in Florida can no longer be handwaved away and Miami is perpetually in a shin-deep layer of water (this already happens after every major rain event, and it will gradually take longer and longer to return to normal, and eventually it will not), Floria will demand and probably get a hundred-billion-dollar engineering megaproject to try and fix the issue on the taxpayer's dime. This will happen because there is too much invested-- both financially in the real estate market, and emotionally in the climate change don't real market-- to walk away.
toomuchtodo|7 months ago
What happens as these states continue to get squeezed by unfavorable long term economics while these businesses and the wealthy continue their performance art? What happens when it becomes constantly more difficult to attract labor to states where the quality of education is low (assuming workers who have or plan to have kids) and the cost of living continues to go up (insurance, etc). An interesting natural experiment and observations ahead.
(Florida resident for the last ~decade, but no longer as of late; US climate costs are approaching ~$1T/year, make good choices)
Analemma_|7 months ago