The Price Effect of Sea Level Rise with Dr. Ryan C. Lewis
How are rising seas effecting the Coast's property values?
On this episode of, Peter Ravella and Tyler Buckingham sit down with economist Dr. Ryan C. Lewis to talk about his research into the pricing effects of sea level rise on coastal communities. In an innovative approach, Dr. Lewis and his colleagues Dr. Bernstein and Dr. Gustafson, determined that homes exposed to sea level rise sell of approximately 7% less than equivalent unexposed properties. The research also shows that this SLR discount has grown over time and is driven by sophisticated buyers and communities worried about global warming. How might rising seas effect the American Shoreline's property values? Tune in and find out! Only on ASPN!