The average elevation of Miami is just 6 feet above sea level, but wealthy buyers keep snapping up waterfront property
Rich people from high-tax states like New York and California are moving to the Miami area to take advantage of Florida's status as a no-income tax state.Miami real estate agents say today's luxury home buyers aren't considering tomorrow's sea levels
Audrey Ross, the vice president for Compass in South Florida, said her clients never bring up the topic. Ross said that in the luxury area where she lives, neighbors building new homes simply make their seawalls higher.
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