Climate change isn’t a real thing, so I see a buying opportunity,'” explains UBC Baldauf emphasizes that when it comes to climate change and real estate …
How is climate change affecting housing prices in areas where ocean levels are predicted to rise?
Very significantly, but not by predictions, by reality. It’s just going to get worse.
Scientists have found $7.4 billion was lost in home values across North Carolina, South Carolina, Virginia, Georgia and Florida because of sea level rise flooding from 2005 to 2017.
616,626 properties have lost value across the five states according to an assessment of 5,5 million real estate transactions over the 12 years.
Here’s the article which references this:
Here’s the original study of a single county in Florida which has seen $465 million in property value loss:
And here’s the site where you can see what the damage will be for individual properties in the five states: .
Oddly, a major portion of climate change denial and anti-renewables sentiment in the five states can be tracked back to people involved in coastal real estate.