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If you're making any decision with only 6% tolerances on one side and vague things like storms and tides on the other, you're in trouble. I just don't see that
by eloff 7y ago
If you're making any decision with only 6% tolerances on one side and vague things like storms and tides on the other, you're in trouble.
I just don't see that as making the difference in a decision to buy or not buy. I don't even see it making the list of things to weigh.
- Retric 7y agoAhh, you’re still thinking if that as 6%. Hatteras NC is 50 miles long generally less than a mile wide and the absolutely highest point is 56’ above sea level. More topically for these islands Nags Head, North Carolina averages 3’ above sea level at high tide. People build everything on stilts and It’s simply accepted that it’s all temporary at some level. As the barrier islands essentially make up the only beach front property across half of North Carolina, that’s the only real option for vacation homes like this. That and fishing support a relatively small population, but the total investment on these islands adds into the billions. In that context 2’ means far more than a 6% difference. Little there can withstand a cat 4+ hurricane even without the ocean, however slowly loosing inches is already making a difference.
- eloff 7y agoWell 2ft of 3ft is no longer 6%, that's a material difference that matters if you want to buy there. What I would consider is what it would cost to raise the land by that 2ft. I think that's so little by comparison to what the land costs that you can practically discount the effect of climate change on your decision. People hated on all of my comments in this entire thread, but at the end of the day I put my faith in the math and I think they're all wrong and I'm right.