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Hard Times Ahead for the Private Island Real Estate Industry

September 5, 2010 By Keith Humphreys @KeithNHumphreys

Anyone seriously considering plunking down a few million bucks for a private island retreat should contemplate the fate of Tuvalu. Due to global warming and rising sea levels, the island’s ten thousand inhabitants may soon have to relocate as their land is swallowed by the sea

Filed Under: Uncategorized Tagged With: Climate change

Comments

  1. Jamie says

    September 5, 2010 at 3:00 am

    Won't warming just create new properties for them? They can just market the existing ones as starter island lairs.

    In related news, isn't it about time NYC imported some Dutch engineers? San Francisco will only lose the Embaradero and some Sunset homes at first, but Manhattan and Dumbo/Brooklyn Heights could have serious problems.

  2. MobiusKlein says

    September 5, 2010 at 4:09 am

    Jamie, the Bay Area has lots of land near sea level. Redwood Shores, etc.

    My plan for cosmic justice is to apportion land by age – the older you are, the closer to sea level.

  3. Fred says

    September 5, 2010 at 4:11 am

    Of course all billionaires know that global warming is a hoax so they will be safe. Come on guys. Put your money where your mouth is. Tropical paradise for sale, real cheap.

  4. Jamie says

    September 5, 2010 at 10:26 am

    I was being intentionally flip- I know the Bay Area well- lived in S.F. for about ten years.

    Thought the comment about Embarcadero and Sunset would have been the tell, but as usual, lacking vocal And facial cues it is tricky.

  5. former Heights resid says

    September 5, 2010 at 8:54 pm

    umm, Jamie

    there is a reason it is called Brooklyn HEIGHTS. It is well above the level of the rivers. If the Heights were to be flooded, pretty much the entire city except for a few hills would be underwater.

  6. teacherken says

    September 5, 2010 at 8:55 pm

    unfortunately, greed always seems to find a way to profit, no matter how much at the expense of others

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