Just about now, those who have invested in sea shore real estate in the U.S. might be thinking of the alternatives. Especially if global warming actually creates higher sea levels. The way I see it, there are two choices.
The first choice is to simply look up the hill. I believe the total rise in sea level is estimated to be 16 feet. Looking at a topographic map ought to tell our real estate investor where to build their next sea shore abode. If the sea level rise is consistent, this might be the very spot where land can increase in value to who knows what the limit is.
But if the greenies have their way and the sea level rise is less sharp, perhaps a middling rise, then this puts the sea shore in flux and the land that results in being the sea shore is debatable. In that case it might be wise to think fresh water.
Yes, all that once valuable sea shore land money, might flee to the lake shore. In that case, I suspect Michigan’s fate will be much brighter. The great lakes will become the best place to be and invest. If you see Michigan becoming an economic powerhouse again, I expect that this might be the reason.
The great lakes rise and fall, too, so there might not be an exodus of money to this area unless the ocean sea levels rise by a larger amount. Still wouldn’t it be strange to find Saginaw lake shore being the primest of all the prime real estate in the U.S.?
But global warming could cause the worth of an area of the world to rise by an infinite percent. Some of the shores of Greenland are basically the glacier meeting the ocean. What about when the long buried land meets the sea? The world will then see new seashore and even beaches.
So find a way to make friends with the people of Denmark. They are the people who own Greenland. Perhaps if you get in their good graces you can perhaps own a bit of Greenland. Even that unglaciated Greenland with new sea shore. That sea shore is going to rocket from nothing in value to something in value.
If the present day U.S. coastline worth is any indication, those areas of Greenland are going to become wealthy. I think some of the Danish people are already feeling guilty about this possible wealth and money for nothing. And that, to me, is why Copenhagen (the capital and largest city of Denmark) will try to be carbon neutral by 2025.
Correction (September 22, 2015): Apparently the melting of Greenland alone would make the sea level rise 23 feet.