Florida and much of the country face a real estate crash unless government officials deal with climate change, members of Congress said at a roundtable discussion Saturday in St. Petersburg.
U.S. Sen. Sheldon Whitehouse, D-R.I., chair of the Senate Budget Committee, warned that spiking property insurance costs could wreak havoc with Florida’s vaunted property values and cause a mortgage crisis, according to news reports of the event.
U.S. Rep. Kathy Castor, D-Fla., said that days are hotter and don’t cool off at night like they once did.
Whitehouse, Castor and others have toured Florida in an effort to boost discussion of the need for serious action on climate change in coastal states.
The two members of Congress spoke to the press after the roundtable. That can be seen here, on Facebook.
Topics Florida Property Climate Change
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
State Farm to Increase Claims Workforce by 3,000 
Florida Farm Manager the Latest to Plead Guilty in Crop Insurance Fraud Probe 
Claims Against NYC Rental Buildings Nearly Doubled Since 2021: Milford Street 
