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Disaster on the Horizon: The Price Effect of Sea Level Rise by Asaf Bernstein, Matthew Gustafson, Ryan Lewis :: SSRN
Bernstein et al, 2017: From Climate Week in Review: looked at the sales of single-family homes and condominiums in coastal areas nationwide, found that, on average, those susceptible to sea level rise were selling for 7 percent less than those further inland. This waterside "discount" is bound to increase as more buyers awaken to the risks of inundation, said coauthor Ryan Lewis, an assistant professor of finance at the University of Colorado. He warned of "wealth shock" for coastal buyers who are counting on their homes for substantial financial gains over the long term. "Suddenly, this asset [could be] worthless precisely when they need it the most," Lewis said.
SLR  storm_surge  nuisanceflooding  Real_estate  climate_impact_reporting  climate_costs 
8 weeks ago by huntercutting
OfferPad - The Easiest Way To Sell Your House Fast
OfferPad provides a smart, easy option for selling your home. Request your free, no obligation purchase offer today!
9 weeks ago by ignitiongroup
San Francisco Gets New Crop of Luxury Condos
The city, which is seeing a booming high-end real estate market, gets some shiny new homes for eager buyers
articles  sanfrancisco  real_estate 
11 weeks ago by gmisra
Self-storage: How warehouses for personal junk became a $38 billion industry - Curbed
One in 11 Americans pays for space to store the material overflow of the American dream
articles  real_estate  business  storage 
11 weeks ago by gmisra

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