Miami, a city synonymous with sun, sand, and luxury, is grappling with an unintended consequence of climate change: the displacement of long-time residents due to rising property values. As sea levels climb and flooding becomes more frequent, certain neighborhoods are experiencing a paradoxical transformation, with lower-income communities becoming increasingly desirable to wealthier buyers.
The Lure…
State and local governments have faced a cash crunch as a result of the COVID-19 pandemic. And they're passing the pain on to homeowners within the sort of higher property taxes, in step with a replacement report.
A new analysis from real-estate data company Attom Data Solutions found that single-family homeowners paid $323 billion in land…