Goldy, Gardner and Washaway beach
Photo by Erika Langley from the Washaway Beach collection.
Goldy posts up on the loss of our working port due to sea level rise. Gardner posts on back about how "Rational scientists" and the market proves Goldy wrong. Gardner uses no links that may point to those folks apparently being rational or to his claim that the market proves Goldy wrong because water front property values continue to rise. But, I can link to my counter claim of Washaway Beach. Sometimes, Gardner, markets can be irrational because people make irrational decisions, like buying a house on a piece of property that they know will be washed away in a few years. From the Seattle Times: From Greg Tumidanski's front deck, the steel-gray ribbon of the Pacific Ocean stretches beyond sight. Pelicans divebomb the surf. The wind is gentle and warm.
And, a more jaded look:
The name of this community is - wait for it - WASHAWAY BEACH!! Washafreakingway Beach. Where the hell do they think the name comes from??!! It comes from the Pacific's nasty habit of washing away sections of the coastline in that particular area!! *chortle snort* And people, otherwise rational people BUILD THEIR HOUSES THERE!! And guess who's incredibly surprised and shocked when the Pacific Ocean - which used to be a couple of hundred yards away - is suddenly knocking on their front door because another piece of beach has washed away? I'm certainly not saying that the market for Washaway houses is on the rise, the opposite actually. But, in the face of the eroding ocean, people are still buying the property as if it has any value at all. In the face of a much more nebulous and harder to grasp concept of global climate change, I could see how people would still want to pay higher prices for waterfront property. Washington Department of Ecology: The most rapid erosion on the US Pacific coast
Goldy, Gardner and Washaway beach | 3 comments (3 topical)
Goldy, Gardner and Washaway beach | 3 comments (3 topical)
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