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Irma is about to crash Miami's red-hot real estate market

Miami-Dade County ordered roughly 650,000 people to evacuate Thursday as it prepares for Hurricane Irma, causing panic, fuel shortages, and massive traffic jams.

But as VICE founder Shane Smith reported in February, the threat of stronger storms and sea-level rise hasn’t yet cooled Miami’s ultra-hot waterfront real estate market. And it’s a good thing: Miami needs increasing real estate taxes in order to fund infrastructure improvements like pumps and raising streets, even as Florida Gov. Rick Scott refuses to acknowledge climate change.

This segment originally aired Feb. 23, 2017 on VICE News Tonight on HBO