Has O-Bam-Bam sold his oceanside estate yet?
“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)”
Welcome to your annual hurricane fear porn.....copy and pasted from every year in the past.
Sea rise? Where’s the data? That’s a big deal, should be all kind of data...and there is not. Always someday in the future.
70’ of beach can disappear at high tide with a strong onshore wind, only to replenish itself.
I had breakfast in Oceanside, Oregon a month ago and noticed this bargain house for sale. Any takers? I can't imagine why it isn't being snatched up by a hungry buyer yearning for coastal living.
"Don't hesitate! All offers will be considered. Call now! Operators are standing by."
Uh...
That’s not why.
How can the ocean rise in one part of the world and not rise in other parts?
Doesn't make sense. Sounds like they're doing their typical cherrypicking of bad scenarios here and there and trying to catastrophize it.
if that’s the case then homes on the FL coast should also be dropping.
they’re not.
prices in those areas are dropping because people are running away from blue state insanity.
Is Obama abandoning his beachfront property?
Because beach erosion never happened before people started driving cars.
Smh.
Cherry picked examples.
ROFL
Or... The communist Dim economy causing inflation to skyrocket has caused people to reign in spending and borriwing. Combined with the propensity of beech houses to get demolished by natural disasters and skyrocketing insurance rates that reflect that is causes people to lay off those purchases.
Climate Change, my ASS!
“...some of the nation’s priciest coastal real estate is in an increasingly precarious position...”
Meaning the prices are not in any way dropping, but the author (or, probably, the author’s editor), thinks they should be!!!
Bronco at risk.....
Exactly.
I live in Florida. If luxury homes on beaches "are losing value fast," the trend hasn't reached here. Or anywhere else on the Eastern Seaboard. Or the West Coast.
Could anyone be so obtuse as to confuse a nor’easter’s effect on already shifting sands with climate change. I guess so, liberal girl reporters maybe.
“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.”
Notice how they downplay the heavy rainfall, which is what caused all the erosion, and emphasize the nonexistent “sea level rise”. And they never mention how much that sea rise is, or that the sea has risen since the last ice age and that whatever sea rise there may be today is puny compared to what happened in the past.
Propaganda at its finest.
Wouldn’t have anything to do with ultra-high end property market deflating, would it?