Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette

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Threatened Infrastructure

Coastal flooding not only affects homes and businesses, it also threatens important infrastructure such as power plants and subways.  Utilities were often built on low-lying land to save money, which leaves them more vulnerable, especially as sunny-day floods increase. 

On the bright side, the article also notes that vulnerable coastal properties are selling slower and for lower prices.  That means the more astute people are starting to pull back from the waterfronts in enough numbers to register.  This increases the urgency of doing so while it's still possible to make some money from selling one's old property, because at some point that market will crash.
Tags: economics, environment, news, safety
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