In the free market of ideas, no one actually believes this will happen.
Just look at coastal real estate. Buyers and lenders would have to be colossal fools to pay such premiums to be waterfront. Even Obama just plunked down 12M on a waterfront mansion on the low lying island of MV.
Just look at coastal real estate. Buyers and lenders would have to be colossal fools to pay such premiums to be waterfront. Even Obama just plunked down 12M on a waterfront mansion on the low lying island of MV.