Does Beach Erosion Affect Oceanfront Property Prices?

house-slr
Last House on Holland Island, Maryland. Captions and Photo source: ©© baldeaglebluff

Excerpts;

Do people tend to ignore looming problems until the wolf – or in this case, the ocean – is just outside the door? That may be the case, at least when it comes to certain pricey beach-front property…

Read Full Article, FIU News

Atlantic Ocean Excited To Move Into Beautiful Beachfront Mansion Soon, The Onion (09-15-2015)

How Your Taxes Help Inflate The Value Of Coastal Properties Threatened By Climate Change, ThinkProgress (06-15-2015)
Between 1995 and 2002, the U.S. federal government spent $787 million on beach nourishment and has historically subsidized two-thirds of total nourishment costs to coastal communities. As seas rise and storms surge, replenishment costs rise. Replenishment is a losing battle, and it’s becoming more and more expensive…

Scientists Foresee Losses as Cities Fight Beach Erosion, Climate Central (08-14-2015)

Sand Cents, Carteret County News(04-02-2015)
The value of many oceanfront properties on the East Coast could drop dramatically if Congress were to suddenly end federal beach nourishment subsidies. Values could fall by as much as 17 percent in towns with high property values and almost 34 percent in towns with low property values…

Climate Change Concerns Weigh On Cape Home-Buying Decisions, Boston Globe (09-22-2014)
Climate change has become a focal point in real estate discussions on Cape Cod. Increased awareness of rising sea levels, flood zones, and storm surge have potential buyers rethinking how close a relationship they want with the ocean…

Erosion Nibbles Away at Cape Cod’s Coast, Harwich (06-11-2014)
“At the same time the population is moving towards the coast the coast is also moving to that population,” explained Rob Thieler of the U.S. Geological Survey Science Center in Woods Hole…

Miami Beach Sees Rising Seas as No Threat to Real Estate Boom, For Now, Phys.Org (04-22-2015)

After Hurricane Sandy, One Man Tries To Stop The Reconstruction, Outside Magazine (10-09-2013)

Scientists Foresee Losses as Cities Fight Beach Erosion, Climate Central (08-14-2015)

“The Beaches Are Moving,” A Video featuring Orrin Pilkey, PhD
World famous coastal geologist Orrin H. Pilkey takes us to the beach and explains why erosion has become a problem…

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