If only we had all driven EVs, this would not have happened.
Posted on 06/14/2024 10:45:26 AM PDT by ChicagoConservative27
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change.
This year’s hurricane season is already underway, and the forecast is for “above-normal” activity, according to the National Oceanic and Atmospheric Administration (NOAA). It predicts up to 13 hurricanes, with four to seven categorized as “major” storms.
Various risk models have shown myriad projections for falling real estate values, but the effects of climate change are already hitting the market — and at a faster pace than most expected.
A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000. A barely remarkable Nor’easter in the fall wiped away an astounding 70 feet of the beach it sits on, thanks to sea level rise and unusually intense rainfall.
(Excerpt) Read more at cnbc.com ...
If only we had all driven EVs, this would not have happened.
They’re losing value because people are abandoning them and moving to Florida!
They needed more solar panels.
The ocean washing sand back into the sea is not a new phenomenon. It’s always been that way. And anybody who buys beachfront property should know that.
“From Dana Point, California...”
If you don’t know, Dana point is named after Richard Henry Dana, who wrote ‘Two Years Before the Mast’ describing California many years before the gold rush. Dana Point is located where Dana threw dried cowhides from the cliff down to be loaded on his ship, to eventually become shoes.
Interestingly he describes a ‘climate change’. Old Californios told him about hurricanes that used to come up from the southwest making the relatively harborless California coast exceedingly dangerous for shipping. Climate change no doubt caused by human activity. /s
“There’s no shortage of gullible useful idiots in this world”
Really.....covid taught us that
I predict there will be numerous terrorist attacks in the US before either of Obama’s waterfront mansions are flooded.
Women, children, Obamas, and Al Gore hit hardest.
“Sea level rise is real and has been going on since the end of the last ice age.”
Yes, but as someone else was getting at you’d never notice it unless you’re only 2mm tall.
Nobody who owns coastal property is dumb enough to fall for this stupid scam.
“A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000.”
Science by anecdote, the only science practiced by low IQ, global warming eco-fascists.
I’m sure the price reduction has nothing to do with the homeless junkies taking a crap on their front lawn…
That just needs a good seawall
Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change.
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“Climate Change” has been occurring for millions of years and there is not a damn thing liberals and our marxist government can do about it. To think otherwise is the height of ARROGANCE for a human.
And, BOTH, the media and the federal government have lied so much and so often that nobody believes a damn thing they say anyway.
Oh stop! I ve lived on LI all my life and I can’t think of a time the environmental commies weren’t saying this. The sand comes the sand goes.
The hurricane forecast has been "above-normal" for at least the last 10 years.
CNBC Senior Climate & Real Estate Correspondent
Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC’s senior climate and real estate correspondent. She also contributes her climate and real estate expertise to NBC News NOW, MSNBC, NBC’s “Today” and “NBC Nightly News.” She is a regular guest speaker and does guest segments on NPR and C-SPAN. Her work on CNBC.com won the Gracie Award for “Outstanding Blog” in 2015.
Olick has a B.A. in comparative literature with a minor in SOVIET STUDIES from Columbia College in New York and a master’s degree in journalism from Northwestern’s Medill School of Journalism.
I’m pretty sure there’s no coastal real estate between California and New York.
WOW...that is what I call living on the edge!
Yes, indeed, it is a crock.
More believable is that study that concluded “ Clean air, allowing more of the Sun’s rays to directly hit the earth, LAND 30% and SEA 70% combined, is the cause of higher temperatures and storms that cause floods and other disasters”
The result of all of the mandates to clean the air has caused harm?
Ii is the definition of “KARMA!”
Trade in that EV, it is as if you are throwing the PACIFIER in the garbage.
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