Rising Sea Levels and the effect on costal property values.
This may be a bit of a "red herring" at this stage, but I'm wondering what potential financial implications could be in store for the future of low lying costal property, given issues surrounding global climate change and rising sea levels. I mean if we project say 30 years into the future.
I know it's very premature to be discussing this type of thing, but one day if sea levels do in fact rise, there could perhaps be implications for projected longer term low lying costal property values, insurance and operational costs etc...
Also the possibility of a market panic if it became obvious that costal property was posing a longer term insurance risk to insurers who started raising premiums which then created a flow on ripple effect throughout the coastal property market.
We probably won't see a difference in our life times, but the future generations may at some point be impacted by this type of phenomena.
This may be a bit of a "red herring" at this stage, but I'm wondering what potential financial implications could be in store for the future of low lying costal property, given issues surrounding global climate change and rising sea levels. I mean if we project say 30 years into the future.
I know it's very premature to be discussing this type of thing, but one day if sea levels do in fact rise, there could perhaps be implications for projected longer term low lying costal property values, insurance and operational costs etc...
Also the possibility of a market panic if it became obvious that costal property was posing a longer term insurance risk to insurers who started raising premiums which then created a flow on ripple effect throughout the coastal property market.
We probably won't see a difference in our life times, but the future generations may at some point be impacted by this type of phenomena.