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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 li
by 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.