Just so. With 30y home loans being the standard here in AU, that induces property buyers to consider a roughly 25y longer horizon than our local politicians tr

Just so. With 30y home loans being the standard here in AU, that induces property buyers to consider a roughly 25y longer horizon than our local politicians trouble themselves with. We've had some famous instances of coastal housing collapses here recently (eg. [0]) It's not clear how much is attributable to sea level rise - probably not much - but these types of stories demonstrate the thinking involved from the various involved parties. The hubris of the purchaser (often there are associated stories of fights with local councils to get permission to build that close to the shore - also complicated in Australia by a standing 30-metre water front is public property), followed by even more hubris of the purchaser (demanding that same council to build a sea-wall). Lending institutions don't care either way, at least yet, because their capital / revenue is assured. Local councils don't have the budget, inclination, or obligation to allocate huge resources to such a tiny demographic. Our national administration is populated by pro-coal climate-deniers or sceptics, so we're not expecting good leadership outcomes at that level either. [0] https://www.theguardian.com/australia-news/2020/jul/23/against-the-tide-storm-battered-wamberal-residents-cling-to-beachfront-homes https://www.theguardian.com/australia-news/2020/jul/23/again...