Ongoing research into the loss of coastal property assets has been expanded to the state of Texas.
Perla Trevizo shares the findings of a study by First Street Foundation and Columbia University that calculates the cost of sea level in 18 other coastal states. Trevizo focuses on Texas for the Houston Chronicle after researchers added Texas property data to its expanding dataset.
The bad news: Homeowners have already lost $76.4 million in potential property value, with the biggest losses coming in Galveston.
Using a combination of real estate transactions and tidal flooding exposure, [the study] found that from 2005 to 2017, homes in Galveston lost $9.1 million in potential value, followed by Jamaica Beach (which lost $8.6. million) and the Bolivar Peninsula ($8.1 million). It’s not necessarily that these coastal homes decreased in value by these amounts, the authors say, but that they didn’t appreciate as much as similar homes not exposed to tidal flooding. Researchers factored in square footage, proximity to amenities and economic trends like the 2008 housing recession.
Trevizo's article includes more details about sea level rise in Texas.
FULL STORY: Study: Sea level rise causes Texas coastal homeowners to lose millions in potential property value
Looking for a Beach House? Check Your Risk First.
A new report from the insurance industry names the historic town of Galveston, Texas as the riskiest place to buy a beach house in the United States.
Revised Plans for Massive 'Ike Dike' Plan Revealed
A $26.2 billion proposal to protect the coastal area around Galveston has evolved since its first iteration in 2018.
$31 Billion Hurricane Protection Plan Proposed for Texas
The U.S. Army Corps of Engineers has proposed a suite of coastal infrastructure projects—i.e., floodgates and seawalls—to shore up the coast of Texas against Hurricane- and sea level rise-aided water.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
New Park Opens in the Santa Clarita Valley
The City of Santa Clarita just celebrated the grand opening of its 38th park, the 10.5-acre Skyline Ranch Park.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
How Urban Form Impacts Housing Affordability
The way we design cities affects housing costs differently than you might think.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
