Short Sale, Foreclosure and Strategic Default


Friday, June 29, 2007

San Diego luxury Real esate Brace for high tide

If you are concerned about Global warming here is a rule of thumb I just read.

"But for every 1-foot rise in sea level, the ocean typically covers 100 more feet of dry land. For a place like Mission Beach, that could mean a 700-foot narrowing of the strip of land on which so many houses and condos sit."

Now I am not sure an article like this is going to have any current impact on the market but, I did think it was worth recording for posterity. > News > Features -- Brace for high tide

I am not sure how seriously to take this article, you will have to decide for yourself. But if you are concerned about San Diego as a long term investment, know this:

ut even a modest increase paints a doomsday path of devastation:

Point Loma would become an island and Lindbergh Field would need seaplanes.

Mission Beach would submerge into Mission Bay.

North Island and Coronado would morph to a soggy mess as waves lap over much of the Crown Isle.

Since the map appeared, interest in global warming and the threat of rising sea levels has skyrocketed. Former Vice President Al Gore's film on the subject, “An Inconvenient Truth,” won an Oscar, and President George W. Bush, a previous skeptic of the whole phenomenon, has warmed up to the idea that a changing climate could mean widespread devastation unless we do something.

Cayan said he subsequently shared the map with San Diego Mayor Jerry Sanders but likens the work to a “cartoon” that will require much more rigorous work before sounding the alarms.

“We don't have a forecast, so to speak,” he said.

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