A new analysis has determined that by current emissions, roughly 4.4 million acres of land and 650,000 individual properties will be underwater by 2050.
But the research doesn't just address how much land will physically be gone — it also addresses the potential ramifications of that loss from a very grounded lens: property value.$108 billion in collective value by the century's end, which could have plenty of other knock-on effects.
"Diminished property values and a smaller tax base," reads the analysis, "can lead to lower tax revenues and reduced public services — a potential downward spiral of disinvestment and population decline, reduced tax base and public services, and so on." With lower tax revenue, local governments will also have less money to invest in any meaningful climate mitigation.But the researchers aren't totally without hope. While humans will almost certainly need to adapt to rising sea levels, some mitigation is still possible.. "We don't want [seas] rising so fast that it outpaces our capacity to adapt."
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