As the Sea Rises and Rents Triple, Miami’s Black Neighborhoods Are Disappearing
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Adam Mahoney, Capital B

Miami now leads the nation in home purchases paid for in all cash, with investors showing up unsolicited and buying out longtime Black-owned homes. It’s partly because with rising seas threatening oceanfront properties, developers and wealthier residents are rebranding inland, long-neglected Black neighborhoods like Floyd’s as the new safe bet.
Miami’s Black neighborhoods sit on a natural limestone ridge about 8 feet above the coastline, and as floods intensify and fears around sea level rise grow, wealthier residents along the water are moving uphill toward them. It is pricing out Black residents and pushing them into other lower, more flood-prone areas.
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