PROPERTY VALUES SINK WITH CLIMATE CHANGE FACTORS

Coastal properties have long been in high demand. Sites that offered a view of the ocean and the rhythmic sound of the waves most often carried a premium price tag.
But, now, that premium is threatened by rising tides. Asaf Bernstein, assistant professor of finance at the University of Colorado at Boulder, did a study that showed that homes exposed to sea level rise sell for approximately 7% less than similar properties.

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