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Comment by jmclnx | Hacker News Reader

To me, investing in FL is a long term looser, not because pf politics but because of Climate Change. It has been there for a bit over 50 years, 50 years from now, the potential exists that it will be a place only mermaids can visit.

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Amsterdam has been below sea level since the 17th century. Not sure why more modern cities would not be able to adapt as well.

Florida is porous.

As I understand it, Florida’s ground is porous and it’s not possible to keep water from going under any barriers you create.

Interesting, did not know that!

Yep, there's no way to keep the water out: https://sealevelrise.org/states/florida/

So build floating cities? I think Tokyo or Osaka had that idea, they might actually make it a reality.

Building floating cities would be expensive. One of Florida's biggest attraction is cheap housing.

I wonder if it's cheap because of said future flooding?

What if we paved the earth? The entire earth!

If you got a thick enough layer of concrete & pavement under Miami and built a contiguous seawall, you could just float the SS Miami wherever you want!

https://alt.pavethe.earth

https://www.ebay.com/itm/125360998968

Someone pointed out that lack of growth is treated as decline in our culture/economy. So the threat of climate change in Florida is that real estate prices will stop growing - that breaks a fundamental assumption - line goes up - and that drives a race to the exit. So far this has only happened in some localities, so we'll see.

If my house is underwater fiscally, it may as well be underwater with the fishes.

I'll gladly buy your Miami property for a discount. My thesis is it's not going anywhere in the next 100 years and that the prices will only continue to rise.

If you believe that, then you don't even need the discount.

I agree that the real bet is on the time frame.

Florida real estate prices is incredibly volatile. They are in an upswing now (along with everyone else), but crash just as quickly. Land speculation is a risky business, but there is money to be made in Florida vs. more stable markets.

> My thesis is it's not going anywhere in the next 100 years and that the prices will only continue to rise.

I don't think you've looked at a graph for the last 50 years. In the end, they will probably rise if just because of inflation. The question is will it outpace inflation or crash. Frankly, the job market in FL isn't great for techies (although I interned for IBM at Boca Raton in 1995), so I haven't really looked into it.

Soon the insurance will cost more than the property.

It can be both. Businesses seeing a governor and party in power going after companies because of something they said is a strong short-term disincentive. Rising sea levels and increasing temperatures are a strong long-term disincentive.

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