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Gotta agree with John on that one Nebe;
Extreme weather events are part of life (before we were here)
Floods, hurricanes etc.. are only a problem when people are affected; if that happened in an uninhabited jungle it wouldnt have been a big deal;
We created Katrina ONLY in the sense that A. People lived in a city below sea level
B. Leavees were built to handle only a cat 3 hurricane
C. People will build there again.
There is debate that warming has increased the frequency and strength of hurricanes; the data I have seen leaves me skeptical at best for now. Rising sea level has a decent effect; down in the gulf coast sea level is rising faster (actually the land is sinking) than New England. This rise (say ~0.75cm/yr) is nothing when added to a 20ft surge; BUT at that rate, sea level is ~12" higher relative to that region than it was when camille hit.... those numbers are approximate done quote me... but ballpark....
For you guys smart with numbers and economics, will the post labor day decrease in demand off-set the prices at all?
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