If everything stays as it is: Humans keep pumping CO2 into the atmosphere and the seas rise six feet by 2100, AND no more houses or suburbs or cities are built on U.S. coastlines, then the housing market will only take a nearly trillion-dollar hit.
No big deal, I guess. After all, that’s decades from now! Live it up!
Accept that sea level rise, ocean acidification, weather-pattern shifts, etc., will be ramping up over those decades, not happening all at once in some mythical future. You know, going from inches to feet to yards over mere decades. So … yeah yeah yeah … enough of the inexpert lecture.
“As we move through this century, homeowners will have to consider another factor when it comes to their homes – whether rising sea levels have any impact on them,” said Zillow Chief Economist Dr. Svenja Gudell. “It’s easy to think about how the ocean levels can affect the coasts in an abstract sense, but this analysis shows the real impact it will have on nearly two million homeowners – and most likely more by the time […]
That assumes projections of warming are correct. We can’t accurately predict the weather even a few days out. How can we possibly predict what things will be like 80 years from now?
I am afraid you are arguing as if this were still theoretical. It is not. There is still some debate as to how many feet the sea will rise in individual areas, but multi-feet sea rise is happening.