Discussion in 'Luxury and Lifestyle' started by dealmaker, Oct 9, 2018.
It’s going to be under water in 20Y.
For that price they might be able to throw in a submarine dock ?
They’ve built billions $$ in condo projects right on the shore from sunny isle to south beach with penthouse condos fetching as much as $65 mill. They been working on a sea wall for years. When it rains hard forget about tropical storms most of south beach is flooded. Is that crazy or stupid or maybe a little of both.
People with that kind of money will just move to another island.
No sea wall around what is essentially an atoll, but I know what you mean. $120MM today becomes a $0 sandbar.
I would never buy it as within a few decades it might be completely under water.
"A recent study says we can expect the oceans to rise between 2.5 and 6.5 feet (0.8 and 2 meters) by 2100, enough to swamp many of the cities along the U.S. East Coast," says National Geographic. "More dire estimates, including a complete meltdown of the Greenland ice sheet, push sea level rise to 23 feet (7 meters), enough to submerge London."
Well eventually The Himalayas will be the only place that's above water but in the meantime, this is still a nice island to live on once you put in all the infrastructures like electricity, water, sewage, security, firefighting, medics, natural disaster relief and etc.. We only a few decades to live anyway.
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