Anyone worried about rising sea levels in Savannah Georgia?

[John D.]

Hi all!

I am thinking of investing in Savannah, Georgia as I believe there is upside in the medium term with how the local economy is growing and how the rent:price ratio is down here. 

However, I am a little worried about the long term resilience of property prices and appreciation given its low elevation and susceptibility to flooding and rising sea levels. Do I think I can buy some units and get them rented? Yes. Do I think I could do this for the next 5-10 years? Yes. But do I think that appreciation in this local market is resiliant enough to handle rising sea levels and the potential for more frequent hurricanes over the next 10-15 years? I am not so sure. This is what my worry is. 

I know other coastal cities like Miami and other parts of Florida are in a similar situation, but I am curious how others investors think about their markets which at low elevation and close to the ocean/flood plains. 

Thanks!