Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers
November 5, 2023
5,909
129
6
2.28%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg News Episodes Around November 5, 2023
See what was published immediately before and after this episode.
0:57Now PlayingRavaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers
YouTube Description
as posted by the channelA year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.
In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 people and swept away a third of the homes and businesses on the narrow, 6.5-mile-long strip of sand, leaving a blank canvas for affluent newcomers — and a preview of what could take hold in other coastal communities as climate change spawns more intense storms.
Across the US, the wealthy are reshaping landscapes battered by hurricanes, fires and other disasters at a time when such calamities are expected to grow in force and frequency. About 3.6 million Americans are exposed annually to floods, and that could double by 2050 as the population grows in at-risk places, according to one study last year.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.