Many millennials want to settle down and buy a home. But in coastal cities like Miami, the decision comes with new risks.”Weighing Click To Tweet
Ariza: “Investing in Miami … is kind of a scary prospect.”
That’s Mario Alejandro Ariza. He wanted to buy his first home in Miami. But in Florida, it’s estimated that rising seas could put between $48 and $70 billion of coastal property at risk. And Miami is on the front-lines with some of the fastest rising seas in the nation.
Ariza: “The city of Miami is the place in the world where the most amount of money is threatened by climate change.”
That poses a unique problem for Ariza. He was born in the Dominican Republic, and moved to Miami – a center of Latino culture – when he was six. Today, it feels like home and where he best fits in.
Ariza: “I’m too American for the Dominicans, and in a large part of the United States, I’m just a little too Dominican for the Americans.”
Ultimately, Ariza decided to buy a home in Miami, and he knows his purchase was risky. But being near his family, being part of his culture, feeling like he belongs – these things made it worth the risk.
Reporting credit: Peter Bresnan/ChavoBart Digital Media.
Image graphic: Created by David McCarthy.