5 • 1.3K Ratings
🗓️ 19 October 2022
⏱️ 34 minutes
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Whether you live on the coast or not, sea-level rise will have profound impacts on all of us. So we packed up our bags and headed to Miami, a city that is considered one of the most vulnerable coastal cities in the world. How Miami responds will serve as a test case for how other places around the country survive the effects of climate change. Experts say seas here could rise by 5 feet or more by 2100, eventually leaving whole parts of the city underwater. So if the city is doomed, why isn’t the housing market acting like it? From multimillion-dollar waterfront mansions to a flood-prone block miles from the beach, we went on the hunt for answers.
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0:00.0 | Just a note before we dive into the show, we know this is a really hard time in South Florida. |
0:04.8 | We get into the aftermath of Hurricane Ian in the prologue. |
0:08.4 | If you haven't heard it already, go back and take a listen. Is this one of the more beautiful places you've had Marketplace send you? |
0:19.0 | Yeah, I would say this is one of the more glamorous professional assignments I've had. |
0:26.0 | It's June, and I'm in Miami with my producer Caitlin, reporting on climate change and the housing market here. |
0:34.4 | So naturally I had to at least check out the beach, you know, for research. |
0:39.5 | Do I have beach hair? |
0:40.5 | Yeah, you do. I've spent more than 20 years reporting on the economy, how it works and why it doesn't |
0:50.0 | work for so many people. For the last several years I've focused on housing because in case you haven't noticed it's been a little nuts lately |
0:59.7 | especially in Miami where prices have been rising faster than almost anywhere else in the country. |
1:07.0 | And of course, everyone wants to live on the water. |
1:11.0 | So when I saw some builders working on a beachfront property, I had to talk to them. |
1:15.3 | Yeah, will you show us what you're building? |
1:19.3 | Right here. Tell us about it. |
1:21.3 | It gets a school that we find in the ocean. |
1:25.0 | Three kids are digging a big hole, |
1:29.0 | building these little mounds and decorating them with found objects. |
1:33.0 | And what else? |
1:34.0 | A can? |
1:35.0 | And our seaships. |
1:37.0 | And these and a whole... |
1:40.0 | It's like a volcano,. It's a water park. How fun! So what happens if a wave comes up and knocks it down? |
... |
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