Is Miami’s housing market ignoring the climate crisis?

Make Me Smart

Marketplace

Business, News

4.6 • 5.4K Ratings

🗓️ 25 October 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we’re bringing you an episode from “How We Survive”, Marketplace’s podcast about solutions to climate change. Hosted by Marketplace senior correspondent (and occasional “Make Me Smart” host) Amy Scott, this season of “How We Survive” is all about how we will (or won’t) adapt to rising waters.

The team headed to Miami, Florida, which is now considered one of the most vulnerable coastal cities in the world. But you’d never know that by looking at the local housing market. Florida’s economy is powered by real estate, and the state has no income tax. Local governments depend on revenue from property taxes, which is a precarious situation to be in when billions of dollars of property is at risk from rising seas and flooding (not to mention hurricanes).

In this episode we’re asking: If Miami is doomed, why isn’t the housing market acting like it?

“How We Survive” Season 2 is out now with new episodes dropping every Wednesday.

Transcript

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0:00.0	I'm Jacob Margolyce, host of The Big Burn, a new podcast from LAS Studios.
0:05.3	In California, nine out of the ten largest fires and record had burned in the last decade.
0:09.7	So I'm going to get to the bottom of how we got here.
0:12.3	Human cause climate change has doubled the area burned by wildfire across the Western
0:17.0	US.
0:18.0	What we can do about it?
0:19.0	Restore the land and use the greatest tool left to us, fire.
0:22.5	And what you need to know to survive in the age of mega fires.
0:26.5	The Big Burn from LAS Studios.
0:30.7	Hey everybody, it's Kai.
0:31.7	And it's Kimberly.
0:33.1	This is Make Me Smart.
0:34.2	Thank you so much for joining us.
0:36.0	Instead of our usual Tuesday show today, we wanted to share some really spectacular work
0:40.2	from another marketplace podcast that we kind of knew this crowd would like.
0:43.2	It's called How We Survive.
0:44.6	It's a show about the real ways we're adapting to and trying to survive climate change.
0:50.6	This new season of How We Survive is hosted by Amy Scott, one of our favorite fill-in
0:55.3	hosts for this show.
0:57.1	Amy usually covers housing for marketplace.
0:59.6	And so fittingly, this season looks at the ways one of the most expensive real estate
1:04.2	markets in the country.
	...

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