Researchers say more than $20 billion in total home revenue in Collier County will be submerged in the next 81 years.
A new study by GoBankingRates and Zillow finds sea level rise will overtake Naples putting 28,000 homes under water by 2100.
Study says sea level rise will hurt Naples home values
Sea level at Naples, FL is rising at 2.85 mm/year. In the next 81 years, it will rise about nine inches. Tides there vary about four times that much every day.
Sea Level Trends – NOAA Tides & Currents
The lowest elevation yard I can find in Naples is about 10 feet.
Elevation of Naples, FL, USA – Topographic Map – Altitude Map
There is no reason to believe 28,000 homes in Naples are threatened by sea level rise.
So what would be the motivation of real estate agents and bankers to manipulate the real estate market? Are they looking for the sale of 28,000 homes? Lots of money to be made for them if that occurs.
