Insurance costs, availability of affordable housing, and an increase in extreme weather is changing the demographics of coastal communities.  It’s a complicated issue that sees more desirable coastal areas becoming inhabited only by the wealthy, while other less desirable coastal areas may see only the poor left behind.

The compelling article in Insurance Journal looks at the effects on communities in South Florida, New Jersey,  Texas, Louisiana and Mississippi with some researchers left to wonder how this trend will play out.  Monroe County Director for Legislative Affairs and FIRM Board Member Lisa Tennyson states that it is imperative to prevent the Keys “from turning into a tropical version of Martha’s Vineyard.”

“If the the Keys can’t find a way to retain a mix that includes working class and middle class residents, that would be the future, right?  Quiet, boring, rich.”

Read full article: insurancejournal.com-Why Coastal Living Is Becoming Affordable for Only the Rich

 

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