Rising Risks: Impact on Coastal Real Estate Values

Those "homes" have destroyed the coastline

If you want a beach home, fine. Just don’t break the insurance system for those of us who just have one house.

Its crazy how when rich people lose stuff everyone has to pay for it but you and me lose we pay for it ourselves

The entire state of Florida will soon be uninsurable.

Let's all light a candle and shed a tear for the multimillionaires out there suffering.

This is not going to happen to Florida. Ron DeSantis has mitigated all weather-related problems by removing all references to Climate Change in the state's documents/legislations. 🤣🤣🤣

The buyers are betting the local or state government will pay unlimited amounts to bail out homeowners.

I always thought it was pretty stupid to have a property next to the ocean that is only 2 feet higher than the ocean😢

When people build on waterfronts, they are taking a risk, climate change or no climate change. Water does often escape it's boundaries, has for 500,000,000 years. People must assume their own risk instead of asking us all to pitch in every time there's a hurricane or rainstorm. We pay to rebuild the same homes over and over again.

Those poor rich people 😏

The global sand crisis is going to make all of this even worse. Some companies will be dredging up sea floor sand to use in construction materials, which means less sand naturally flowing onto beaches. Less sand in our rivers means less sand for wetlands at the coast.

There isn't enough government money to bail out those coastal property owners who have ignored the science of human induces global warming and the resultant sea level rise and increase in the number and severity of storms since at least 2006, when "An Inconvenient Truth" was released. I don't want any of my tax dollars going to bail out such property owners. They ignored the ever increasing evidence and warning about the consequences of human induced global warming for years and made a losing bet. It should be they who deal with the consequences, not the tax players collectively.

Wow! Alaska has Native villages having to uproot and move. Yet you folks are reporting on well off Americans house values going down.

We used to giggle while watching HGTV couples buying ocean, or even riverfront homes, knowing what was ahead. And that was over 10 years ago. Now we just shake our heads...

1:10 Did she say those houses sold for mid $700-$800k… if weren’t for erosion $10-$12 million?? That’s like 95% drop in value! And they say real estate only go up…

Rich people problems

Multimillionaires and billionaires losing the value of their homes ... Breaks my heart 😅

It's not as if you didn't know this was coming.

A water-front house in Malibu just sold for $210m, another house in Palm Beach just sold for $150m. I’m not sure the word got out about sea level rise, but it’s ironic that it’s the ultra rich are telling us to buy electric cars due to climate change while they take their SUV’s to their jets to go to one of their other houses when a storm shows up.

NOT THE COASTAL REAL ESTATE VALUES!