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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]With hurricanes and rising tides beach property seems really risky to me.  I think people also often buy when they have little kids and then find with other kids that they can’t really use it due to sports and other commitments.  The people I know who use them regularly have kids who are kind of introverts and/or don’t do sports or theater or dance or anything like that.  [/quote]

I’ve always found it odd that people list climate change as a reason not to buy a beach house while ignoring that such a huge portion of our GDP and infrastructure are based in coastal cities.

If climate change disaster happens, we’ll all have a lot bigger problems than just a beach cottage being wrecked.

Live your best life now.[/quote]

But you can "live your best life now" by just choosing to rent when you want to go to a beach cottage/vacation.  Plenty of excellent choices to rent and then you don't have to spend the other 50 weeks of the year stressing about maintaining the home.  And you can invest your savings, since you don't have a money pit to maintain.  
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Did you read the full post you replied to?  I think not.[/quote]

DP but it seems silly to say if I put $300k into coastal RE I am no more exposed to climate risk than if I put $300k into a total market index.

Yes climate change is bad for the economy (that is the whole reason institutional investors support ESG as a tool) but it’s clearly worse for someone who might lose their vacation home than for the average person. [/quote]

That's a claim you have no evidence for.

Beach homes go underwater, so do coastal cities.  Water don't G.A.F.
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A total market index is not concentrated only in coastal cities.  [/quote]

So NYC, Boston, DC, Miami, San Francisco, LA, and Seattle are underwater and you do think that's going to affect the general market and index funds?  Seriously, man, do you hear how crazy that sounds?

I am MUCH more concerned about my uninsured investments than my insured beach house.  That's the fishtank in the fire.[/quote]

I meant this, sorry:

[quote]A total market index is not concentrated only in coastal cities. [/quote]

So NYC, Boston, DC, Miami, San Francisco, LA, and Seattle are underwater and you [b]don't[/b] think that's going to affect the general market and index funds?  Seriously, man, do you hear how crazy that sounds?

I am MUCH more concerned about my uninsured investments than my insured beach house.  That's the fishtank in the fire.
[/quote]

Insurance policies are disappearing right and left on beach houses now (or having skyrocketing rates).  Yes, climate change will affect the indexes but there will also be growth industries mitigating climate change.  If it's a single mass catastrophic event, sure, we'll have different issues and you'll lose your beach house and everything else and won't care a bit. [/quote]

Not saying cities won’t be underwater, but Seattle and our 2nd island home will be fine. [/quote]

I'm not sure I'd call living in Seattle's heat dome fine.   But nowhere is really fine.[/quote]

Seattle’s “heat dome” is like a week of summer weather everywhere else in the country. The dome this week was cooler than our trip to Maine this July. [/quote]

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