November 15, 2012
-- by Dave Johnson
Just sayin' ... you should listen to Dave.
People still buy real estate that will be underwater in a few decades. Think about that.
... Think about what will happen to real estate prices in coastal areas when we do start taking global warming seriously. How much will people pay for real estate that is going to be under water in a few decades?
2010: Real Estate Near The Gulf,
I was already concerned with the effect of global warming on real estate prices when it suddenly sinks in that a lot of land is going to be underwater. Seriously, would YOU buy a house anywhere in a coastal area that has an altitude lower than maybe 30 feet? One of these days everyone is going to realize what that means - all at the same time.
Posted by Dave Johnson at November 15, 2012 8:21 AM
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