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[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]

Climate change is happening, it’s getting worse (see flooding in VT and fires in Maui), and you should be sensible about where you buy. I would look up any property on the First Street Foundation’s website to see flood, fire, wind, heat risks. If you want to buy a property with a lot of risk you should just accept that you’ll likely need to rebuild at some point in a 20- year period and if it’s in a place like Florida or California you should understand that getting P&C insurance over the next few decades will only get harder and be more expensive. If you’re OK with that than go for it, but view it for what it is - a risky investment with little likelihood of a long-term return. [/quote]

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