According to the National Oceanic and Atmospheric Administration, 23 states may have a significant loss of homes that are currently coastal/beachfront properties, by the year 2100. That's only 84 years from now.
An old friend of mine posted a picture this week on Facebook from a Malibu beach. I remember her noting the loss of beach front in just about 6 months. Could be seasonal, not sure, but when I read the report that Zillow wrote using data from the NOAA, I thought I'd share it with you.
It says over 42k homes, that's just in California, could be underwater by then. A loss of almost $50 billion in homes.
Not that I'll still be alive in 84 years, but my grand-kids (if I ever get any!) certainly will.
Just some food for thought if you're thinking about investing,
long term, in some beach property!
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