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Updated almost 2 years ago on . Most recent reply

User Stats

170
Posts
54
Votes
Gayle Eisner
  • Investor
  • Monterey, CA
54
Votes |
170
Posts

Climate Change & Ocean Property

Gayle Eisner
  • Investor
  • Monterey, CA
Posted

Hi all:

I own a coastal property in Moss Landing, CA that is currently rented and is an investment for me.  It is paid for and is one block from the beach at an elevation of only 17 feet above sea level.  It has not had a major flood for about 25 years but is vulnerable...  Im thinking about selling due to climate change and water rise.  It is also near a river that is in front of the dunes that are in front of the ocean.  It has appreciated quite a bit and I have owned it 3 years.  My question/concern is should I sell it in the near future, considering the predictions are sea level rise of 3 feet in the next 5 years? There is also sea water intrusion in this area of Monterey, CA as well.  Getting worried...Flood insurance ?  Anyone else been thinking about his as well? Thoughts? suggestions?  Thank you!

Most Popular Reply

User Stats

312
Posts
273
Votes
Gordon Starr
  • Rental Property Investor
  • Dayton, OH
273
Votes |
312
Posts
Gordon Starr
  • Rental Property Investor
  • Dayton, OH
Replied

People seem to be suggesting you not worry. I bet none of these folks own oceanfront property.

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