rising seal levels

Performance Property Real Estate Question

Do Rising Sea Levels Make Buying Coastal Property Too Dangerous?

Q: Gerald, We’ve been watching the devastating Hurricane Harvey aftermath.  Do rising sea levels make buying coastal property too dangerous? Ellen, Sea Girt, NJ. A: That’s a great question, Ellen. As economic losses in Texas and beyond continue to rise, some experts estimate that the losses may exceed $100 Billion dollars from this cataclysmic hurricane. You know, 100 years ago, most people preferred to live away from the water. In recent decades, as evidenced by property values, beach front property has become more desirable and more expensive. But, rising sea levels should change the way people think about waterfront property. At the end of the day, the desirability and the price of real estate boils down to supply and demand. […]

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