Nightmare for Florida's coastal homeowners
Rising sea level has brought problems such as tidal flooding and saltwater creeping into the drinking water supply, ruining the value of their homes
Washington
ON a predictably gorgeous South Florida afternoon, Coral Gables mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it all to an end. He figured that it would involve a boat.
When he first started worrying about s…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co