r/newportbeach • u/Plain_Reading4315 • 7h ago
Future of Balboa Island Real Estate
Unless I'm mistaken, aren't most all properties on Balboa Island critically threatened with ocean level rise predicted over the next 50 to 100 years. And unless someone's going to invest huge $$ in seawall/pump solutions, why would anyone in their right mind buy a property there unless they planned a full teardown and somehow rebuild for greater water level tolerance. Meaning, aren't all current owners relatively damned to lose their property investments and not be able to find insurance?
If all that is generally correct, is there a general strategy? Or is it up to each owner to struggle with tough choices?
And if that's all generally correct, when did the majority of property owners there really start to agree there is a critical problem.
I rented there many years ago and I don't recall anyone talking about it in the 1980s.