President Joe Biden’s $3.8 million vacation home in Delaware has a 98 percent chance of being drowned in the next five years due to climate change driving up sea levels.
The six-bedroom home in Rehoboth is located less than a mile from the shoreline, placing it within FEMA’s Special Flood Risk Zone — the area that would be inundated during the 100-year floods, CNN reports.
The mid-Atlantic state has seen sea levels rise by more than a foot in the last century, but the Intergovernmental Panel on Climate Change (IPCC) warns that it will continue to rise over the next century and flowing waters will eventually overtake their coastal areas. .
Although climate change plays a major role, the land on which Biden sits is naturally sinking and puts this region at a higher risk from rising sea levels — and rising levels are increasing faster than anywhere else in the world.
President Joe Biden’s $3.8 million vacation home in Delaware has a 98 percent chance of flooding in the next five years due to climate change and rising sea levels.
Roughly 5.4 percent, or 100 square miles, of Delaware reside in the 100-year flood plains and by 2050, this land mass is expected to increase to 7.1 percent, or 130 square miles due to rising sea levels, according to the states at risk.
But the Biden neighborhood is in the danger zone with sea levels expected to rise 1.5 feet by 2040 and then five feet by 2120.
This million dollar vacation home appears to have weathered the flooding, with the living quarters located 10 feet off the ground as they sit atop high-ceilinged garages.
This appears to be the running design for most of the newer homes throughout the neighborhood.
Rehoboth Beach is part of Sussex County, the third with newer homes built in the area most at risk of future flooding of all US coastal counties.
Biden’s vacation home is located in Rehoboth and less than a mile from the shoreline, which places it within FEMA’s Special Flood Hazard Zone – the area that would be inundated during the 100-year floods.
Regardless of the stakes, $500 million worth of new homes have been built in the area since 2010 — Biden built in 2017, Delaware Online reports. The president bought the house for $2.47 million, but its value has since risen to $3.8 million.
The last storm that caused great destruction in 1962 destroyed 2,000 homes near the coast from Rehoboth Beach to Fenwick Island.
The area where the president’s home is located is one of several coastal areas likely to be underwater and uninhabitable by the middle of this century — putting up to $35 billion in real estate at risk, according to maps by the nonprofit research organization Climate Central. .
Westhampton Beach in New York, where a home has a median price of $1.8 million and is inhabited by people like Elle Manning and Adam Sandler, would be flooded even if sea levels rose by just five feet.
Westhampton Beach in New York, where the median home price is $1.8 million and is inhabited by people like Eli Manning and Adam Sandler, would be inundated even if sea levels rose by just five feet.
In Los Angeles, a five-foot increase would completely inundate Seal Beach National Wildlife Refuge — a 965-acre area that is a major stopover and winter home to thousands of birds that migrate up and down the Pacific Flyway each year.
Stone Harbor, where pop singer Taylor Swift spent most of the summer until the age of 14 when her parents sold their beach community home, would also drown in this 5-foot-high flood scenario
In Los Angeles, a five-foot increase would completely inundate Seal Beach National Wildlife Refuge — a 965-acre area that is a major stopover and winter shelter for thousands of birds that migrate up and down the Pacific Flyway each year.
The scenic beach community of Belmont Shore — known for its canals, boardwalks, and shops — will be completely wiped out by about five feet of flooding. The area, which is part of Long Beach, has a median home price of $1.1 million.
Southern New Jersey coastal cities would be uninhabitable if sea levels rose only a few feet.
Places like Ocean City, Wildwood, Avalon, and Stone Harbor would be underwater if nothing was done to mitigate climate change. In Wildwood, the median listing home price was just under $500,000 in August. In Avalon, the median home price is $2.2 million.
Stone Harbor, where pop singer Taylor Swift spent most of the summer until the age of 14 when her parents sold their beach community home, would also drown in this 5-foot-high flood scenario.
‘Rising floodwaters are reaching more inland areas, inundating properties and buildings that have not previously been submerged,’ Climate Central researchers wrote.
Experts note that the threat of climate change goes beyond just real estate. Climate Central examined 328 counties in 25 coastal states and found that rising waters would threaten tax revenue that also funds public schools, emergency services, and municipal services—ultimately creating a ‘potential downward spiral of investment disinvestment and population decline’.
Biden is known to take action to combat climate change
“If a town doesn’t have another source of income but can’t afford property taxes and property taxes, then that town isn’t sustainable,” AR Siders, a climate resilience expert at the University of Delaware, told Scientific American.
Florida, Texas and Louisiana will also face significant flood risks, according to Climate Central analysis.
The report by the nonprofit Climate Action Organization eventually concluded that nearly 9 million acres — an area roughly the size of New Hampshire — would be under water by 2100. Those nine million acres include 300,000 buildings and $109 billion in real estate.
Biden wants to combat climate change with a plan to achieve a 100 percent clean energy economy and zero net emissions no later than 2050.
Biden’s proposal on climate and environmental justice would bring in a federal investment of $1.7 trillion over the next 10 years, increasing additional private, state and local investment to a total of more than $5 trillion.
However, the plan is not black and white, as it will cost each taxpayer an additional $3,500 each year to fund the infrastructure to make it happen.
The Biden administration’s pledge would require by far the most ambitious US climate effort ever, nearly doubling the cuts the Obama administration committed to in the Paris climate agreement.
But Senate Republican Leader Mitch McConnell dismissed the administration’s plans as costly and ineffective.
“This is the double punch,” McConnell said in a speech to the Senate on Thursday. “Toothless demands for our foreign adversaries…and a great pain for American citizens.”