Is Your Coastal Property at Risk? Understanding Sea Level Rise and Its Implications for Your Investment

The question of whether to sell off land that is at high risk of sinking due to sea level rise and climate change has become increasingly pertinent in recent years. This article aims to provide a comprehensive analysis of the risks and opportunities associated with coastal real estate investments.

Risks and Practical Considerations

While it is true that sea level rise is a slow process, it can still pose significant risks to coastal landowners. For instance, if your property is already experiencing inundation during high tides and storms, or if you are facing difficulties obtaining insurance for your assets, it may be wise to sell the land now. The biggest impacts occur on land that is subject to both strong rates of sea level rise and land subsidence. Such conditions are common on river deltas, where both processes contribute to the vulnerability of the land.

Another practical consideration is the changing dynamics in the real estate market. If property values in your area are increasing, it might be a good time to sell, especially if similar land is experiencing devaluation. Additionally, the cost of flood insurance can rise significantly, making it crucial to evaluate the cost and feasibility of maintaining coverage.

Sea Level Rise: Fact vs. Fiction

The alarmist claims of imminent sea level rise need to be examined critically. Scientific studies indicate that sea level rise has been decreasing since the end of the last glacial period. In fact, over the past century, we have been averaging a sea level rise of approximately 2 millimeters per year, which is roughly the thickness of a dime.

The two largest stores of ice on the planet, Antarctica and Greenland, contain around 94% of the ice that is yet to melt. Therefore, for sea levels to rise significantly, a dramatic change is required, which is not currently observed. Moreover, the reversal of ice losses in Antarctica aligns with the drop in global temperatures that peaked in 2016, suggesting that the risks may be overstated.

Local Anecdotes and Expert Opinions

It is also beneficial to speak with long-term landowners in your area to get a local perspective on sea level changes. Their firsthand experience can provide valuable insights that might differ from the general narrative. Additionally, consider diversifying your sources of information and actively seeking out contrary opinions to the prevailing narrative.

Investor Analysis and Market Trends

Investors should use market analysis to guide their decisions, much like one would with stock investments. Technical analysis can help identify trends in property prices and the changing dynamics of the market. For instance, if property values in your area are still rising, it may indicate that the market is not yet fully aware of the potential risks associated with sea level rise.

Furthermore, investors should understand who is investing in the area and whether new developments are taking place. If investors see potential for profit, they are more likely to invest in the area, which can boost property prices. Conversely, if the global warming narrative takes hold and real estate devalues, it can significantly impact your investment.

The ongoing speculation about a 12-year window for disaster to unfold is disconcerting. Historically, such predictions have proven to be incorrect, and the general public often falls victim to such narratives. It is important to stay informed and critically evaluate the sources of information, rather than defaulting on the CAGW (Climate Change Disaster) storyline.

Conclusion

The decision to sell off land at risk of sinking due to sea level rise requires careful consideration of both the risks and opportunities. By understanding the scientific basis of sea level rise, analyzing local market trends, and speaking with long-term residents, you can make an informed decision that aligns with your investment goals and personal circumstances.

Recommended Reading and Resources

To further explore the topic, consider reading scientific articles in reputable journals such as Scientific American and Geophysical Research Letters. Additionally, following credible news sources that provide a balanced view on climate change can help you stay informed and make evidence-based decisions.