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More than 300,000 of today’s coastal properties, with a collective market worth of about $117.5 billion right this moment, are liable to continual inundation in 2045â€”a timeframe that falls inside the lifespan of a 30-12 months mortgage issued at the moment. Approximately 14,000 coastal commercial properties, at present assessed at a worth of roughly $18.5 billion, are also in danger throughout that timeframe.
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