Coastal properties....avoid? sell? ....or false alarm ?

In recent days the Victorian govt came out with this;

http://www.theage.com.au/national/beach-house-prices-under-threat-20080627-2y50.html

any thoughts on the impact on values in coastal, marina, key developments?  especially if other state govts join the bandwagon

Probably a push by tree-huggers inside the gov. to save our foreshores from future developments and buy back the land on the cheap. They must be from the place where they stopped the wind generators from going ahead because of 1-2 suicidal parrots flying into the blades .
If the guy wants to build near water on his own block let him, who cares that the sea may rise between 18 - 100cm in 100 years? I doubt that he'll care about it by then.
Most marina developments in the past few years have already had the predicted rise in sea level worked into them. Port Wakefield in SA looks like is having problems getting off the ground and I think one of the developments just South of Mandurah in WA got knocked back recently as well so you could be right about the bandwagon.
I'm thinking that it'd be good news for the existing marina,coastal estates as the scarcity factor would push up the prices. Someone who can afford a waterfront property now is not likely to be around in 100 years anyway so the predictions are irrelevant even if they were proven to be right.

I taught the media stopped all that "save yourselves, head for the hills" nonsense after Y2K but looks like it didn't take them long to find some other reason to spread gloom and doom and sell more papers. I hope they go ahead with the class action and take the council to the cleaners as well as the media for spreading the rumors.  Also I'd like to see the "experts" accurately predict the rise in sea level over the next 100 weeks instead of 100 years and if it turns out they are right then fine, continue to pay their wages. But if they are wrong have them charged with spreading fear and terrorizing the population, confiscate their assets and locked them up for at least 30 year.

I've been holidaying/visiting on the Mornington Peninsula for the last 40 years, and now live in Dromana.

The tide marks have not moved one millimetre in all that time, and the sea is still as cold in winter and is warm in summer as it ever was.

As was said in the last post; D&G, sky is falling etc - but what is really scary is that the hype is driven by the realisation by many who push the Global Warming barrow is that there is money to be made out of the program, and everyone sits around puts their hands in their pocket for a donation and blindly believes it all.

Cheers,
Marc.
erardent@hotmail.com

"we get sent lemons; it's up to us to make lemonade"
www.whydoislice.com - for all the golfers out there!

The GW money making juggernaught continues to roll along. Further fuelled by governments worldwide, keen to embrace anything green.

Environmentalism is the new facism,

These guys are going to tax you for carbon usage its a big well orcherstated con to keep you controlled in fear and taxed, its actually going to get cooler, brrr its a bit chilly tonight

Marc..........maybe a move to Red Hill?  the new beachside opportunity for 2050.......

I hope you are joking about 2050? You can't be serious.

I used to live in Red Hill - for 2.5 years actually, then we moved to Dromana.

Nice area, but the weather is crap up there. You can't believe the difference from Dromana, which is only about 3 miles away and on the beach.

I'll take my chances on being drowned, but our house is on the Arthur's Seat Hill, about half way up.

Given that the last time the water lever was anywhere near the top of Athur's Seat (if it ever was) was a few hundred million years ago, I think we are safe for a while.

I'm more worried about a shark getting me in the Bay than GW - and I think there has been only one fatality from shark attack in Port Phillip Bay in Melb's history?

Cheers,
Marc.
erardent@hotmail.com

"we get sent lemons; it's up to us to make lemonade"
www.whydoislice.com - for all the golfers out there!

yes it was my little joke....It was the only high country I could remember down there (wife drags me to the Red Hill markets)

Arthurs seat sounds excellent also....a nice part of the world.....please report in if you see that tide line creeping up

Correction.....Environmentalism is not the new fascism....... it's the new REALISM.

By the way..... the earth is round not flat, or so the scientists say..... but what would they know?!!!..........

Maybe it's not the tree-huggers spreading these "rumours".  Maybe it's some smart property investors getting ready to snap up all those coastal properties that are going to plummet in value as the fear sets in. Problem is, they'll have to wait 100 years to see if the scientists are in fact wrong!  

Hmmmmmm.........

I personally think the big bad Global Warming boogie man is a complete scam, dreamed up to sell newspapers and get cheap publicity for crank scientists.