As the seas threaten to swallow up entire cities, the U.S. government’s incremental approach is becoming increasingly unrealistic.
people in this manner. But as the seas threaten to swallow up entire cities, this incremental approach is becoming increasingly unrealistic—financially, logistically, and politically. It’s also increasingly inequitable.the typical U.S. home costs $308,000, and coastal homes are significantly more expensive on average than inland properties.
Then, consider the logistics. Managed retreat buyouts are voluntary, with each individual homeowner applying for, negotiating, and accepting a relocation. That means buyouts are an administrative nightmare for both municipalities and homeowners. As a result, a 2019 study that wealthier and less vulnerable counties in New England were more likely to apply for buyout funds than more vulnerable Gulf Coast counties in Florida, Louisiana, and Mississippi.And finally, consider the politics. Property taxes are the backbone of a municipal budget, and no city wants to lose its taxpayer base—especially if it must continue providing the same municipal services and maintaining roads, bridges, schools and hospitals for the few residents who stay put.
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