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There will also be unfortunate death spiral effects. Elevating sewer lines, rebuilding roads and drilling new wells as the old ones are infiltrated by seawater

There will also be unfortunate death spiral effects. Elevating sewer lines, rebuilding roads and drilling new wells as the old ones are infiltrated by seawater will cost money, leading to increased taxes. High taxes will force out marginal residents. As the tax base shrinks, per capita taxation will go up, pushing out more people... Your house could be a mile inland and fifty feet above sealevel, but you could still have to abandon your home as a direct result of sealevel rise. The minute any coastal community stops grows, they're screwed. Manhanttan and DC will (probably) be fine, but if you're living in Nowheresville, South Carolina, then you had better sell your house now, while you still can.

onlyrealcuzzo 5y ago
This seems like hysteria. There are plenty of places in South Carolina - even close to the coast - that will be fine with a foot of sea level rise. It's not like everything is effected evenly. Some places will be devastated - others will be fine. Also - it's not like you need to get out now. This is going to happen slowly over 30 years. A lot of people who own will be dead before it gets noticeably worse. People have known this was a thing for a long time, and if it has affected property values at all - it's been minimal. It's not like there's going to be a flip of a switch and every coastal property in South Carolina - poof - becomes worthless. You might have a Katrina event that tanks property values by ~50% in highly effected areas. But for the most part - prices will just decline slightly. Or, with the state of interest rates - maybe just not accelerate as fast as other places.