Climate Change and Value That's Priceless

From The New York Times, March 22, 2013, Well Before Summer, Hamptons Luxury Real Estate Is Scorching:

“Waterfront properties,” she continued, “are always sought-after, but it’s probably safe to say that waterfront with elevation is becoming more important. Maybe that’s the new value that’s priceless.”  

Keep an eye out for how the market is responding to climate change adaptation strategies.  From the house on a "hill" next to the ocean to development opportunities in places like Greenland and Iceland - - change not only produces constraints, it also produces tremendous opportunities.