game .....money
Listen ....when you have millions...... and millions ....... buying a property is not a problem....so you do not need to worry about seal levels/earthquakes/mud slides/sinkholes /tsunamis/sinkholes /fires........etc.....etc.....you are buying for status .....to show off a weekend retreat ......a mistress pad.....you know all rich guys have whores/mistresses /side chicks .....etc....etc......you cannot deter wealth if they want it .....they want it .......and if they lose it ....they will simply buy another or replace it ........when you have a couple hundred million what is 1....2.....3 million of a house you can wash it /lose it ......because you have great financial guys in your pocket ..........
like i am always saying ....don't hate the player ....it is the game always the game ..............
Ultra wealthy buyers keep snapping up mansions in beach town despite dire doomsday warning for its future
Ultra-rich home buyers have been flocking to a lavish Bay Area coastal community, despite warnings that the town faces a grim future at the hands of climate change.
Stinson Beach, a peaceful pocket of California's Marin County, is vulnerable to the impacts of rapid sea-level rise, which have already begun.
But in the area where the average house is valued at $3.2 million, homeowners and prospective buyers alike are hardly concerned with the risks of extreme flooding, erosion and property damage.
'I don’t think anyone thinks sea level rise isn’t going to happen,' Ashley Bird, an agent at Seadrift Realty, told the San Francisco Chronicle.
'They know they’re taking a huge financial risk. They’re just willing to take the risk because they love Stinson so much.'
Marin County is one of the wealthiest counties in the entire nation.
From 2019 to 2023, the median household income was $142,800. The median income in the state was $96,300, while the national median was $75,800, according to USA Facts.
According to Data USA, the median household income in Stinson Beach, home to just over 360 people, was $117,000 in 2023.
Stinson Beach is a peaceful pocket of California 's Marin County that is vulnerable to the impacts of rapid sea-level rise
Firefighters swarmed Stinson Beach in January 2023 in the aftermath of high tide flooding
Local realtors told the SF Chronicle that Stinson Beach residents are unfazed by the doomsday warning because they can afford to put their most expensive assets on the line.
They also have the funds to take preventive measures and make repairs to mitigate the damage to their properties.
Stinson Beach has hundreds of low-rise houses surrounded by the ocean, a lagoon and a creek - which often floods and spills over into the town.
A road called Calle del Arroyo is the only point of access for a significant portion of the community's properties.
Still, it becomes nearly impossible to travel on it during king tides, according to the SF Chronicle.
All the homes have septic tanks, which are prone to flooding during intense storms.
According to an alarming report recently published by Marin County, sea levels in the area are expected to rise by 10 inches by 2040 or 2050 from 2000.
The report states that natural disasters in the area will become prominent by 2050.
By 2085, sea levels are expected to rise by a staggering 3.3 feet from 2000. At this point, a severe, 100-year storm could cause up to $1.3 billion in property damage, the report claims.
'Public education efforts about sea level rise and the need for adaptation plans have been a constant mission for us, dating back more than a decade,' Assistant Community Development Agency (CDA) Director Chris Choo said in June.
Stinson Beach is known as a calm and quiet area, known for its gorgeous scenery
There are hundreds of homes along the shoreline that could be wrecked by an extreme storm
'We hope that this report will spark productive conversations among the broader public in general and Stinson Beach residents in particular.'
Vicki Sebastiani, who has owned a home in the neighborhood known for its breathtaking scenery and wildlife for 20 years, said the county's report was blown out of proportion.
'I’ve not really seen a change at all,' she told the SF Chronicle. 'I don’t know why they’re printing this fearmongering doomsday.'
USA Data reported that the population in Stinson Beach dropped by 1.35 percent from 2022 to 2023.
But realtors asserted that she has not seen anyone deterred from the area because of the possibility of a climate disaster.
Butch Haze, a Compass Realty agent, argued to the SF Chronicle that climate and environmental hazards are essentially inescapable.
'If people are worried about tidal waves or tsunamis, then go buy in Tahoe,' he said.
'But then you have to worry about fires or rockslides. Enjoy the hazard of your choice.'
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