Taking for granted for a moment that predictions are not conservative: This has been oft-repeated, but in many areas things go very bad long, long before the wa

Taking for granted for a moment that predictions are not conservative: This has been oft-repeated, but in many areas things go very bad long, long before the water is actually lapping at the front steps. It's very geology and geography dependent on exactly how and when localized effects start to kick in, but major categories include: - Worsening effects from storms. - More serious, frequent, and lasting flooding. - Destruction of subsurface fresh water (big, big problem in most of Florida, it's not on bedrock). - Increasing difficulty in all subsurface infrastructure systems. - Vegetation death due to above. Just for starters. These are all probabilistic scenarios but the curves absolutely do matter, they are what feeds into insurance, predicted maintenancerequirements, QoL assessments and so forth, which in turn has a major effect on property values. You should also remember the fact that property markets in particular have a predictive component as many people think longer term then they do elsewhere. Just because a problem is years down the line doesn't mean it won't start getting taken into account now, and that's particularly true with financing which matters since many property deals are heavily debt financed or leveraged. We're not even touching on politics here. So there's quite a significant number of potential areas for negative feedback loops to kick into effect and end the party real fast, with the rational actions of every individual actor precipitates a readjustment that's much more rapid then you might expect otherwise.