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Author Topic: Will global warming be nail in real estate market's coffin?  (Read 874 times)
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« on: September 26, 2007, 07:15:22 AM »

45 of the world's top 50 scientists agree that the waters of the sea levels will rise ONE METER in the next 50 to 150 years.


Land dies now.

Land has never depreciated in book value, as it has no death date.  But it does now.  What happens to coastal area property values now?  Would you spend 5 mil on a beachfront property in Malibu, if you know in 50 years, it's very possible it could be underwater?
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« Reply #1 on: September 27, 2007, 08:31:55 PM »

45 of the world's top 50 scientists agree that the waters of the sea levels will rise ONE METER in the next 50 to 150 years.


Land dies now.

Land has never depreciated in book value, as it has no death date.  But it does now.  What happens to coastal area property values now?  Would you spend 5 mil on a beachfront property in Malibu, if you know in 50 years, it's very possible it could be underwater?


...and they laughed at me when I said I intended to invest in some beachfront property in Nevada.  Wink
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« Reply #2 on: September 27, 2007, 08:36:55 PM »

45 of the world's top 50 scientists agree that the waters of the sea levels will rise ONE METER in the next 50 to 150 years.

Land dies now.

Land has never depreciated in book value, as it has no death date.  But it does now.  What happens to coastal area property values now?  Would you spend 5 mil on a beachfront property in Malibu, if you know in 50 years, it's very possible it could be underwater?

Brutal "paranoiaic" mindset. Malibu or anywhere else on the west coast, you don't own the beach anyway.

Do you still work at Gulf Coast U as a tech support?
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