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'Climate gentrification' drives middle class inland

Published: Tuesday, April 24, 2018

Housing activists say a new kind of displacement is hurting low- and middle-income people.
It's called "climate gentrification."
After last year's devastating hurricanes, people in middle- and low-income housing in the Florida Keys have been forced to move inland. Mobile homes that were destroyed are being replaced by sturdier, more expensive houses.
Now, economists wonder, will coastal cities attract even more rich people because of climate change?
Strict planning codes and increasing flood insurance costs impact people's ability to rebuild. "The demographics have changed somewhat dramatically," said John Spodofora, mayor of the New Jersey township Stafford Township. "I'm seeing $750,000 homes going up where there was a $200,000 or $300,000 home in the past."
In addition, places that are prone to flooding and extreme weather tend to push wealthier residents away — a kind of reverse gentrification (Christopher Flavelle, Bloomberg, April 23). — KB

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