Climate Adaptation and Policy-Induced Inflation of Coastal Property Value
Fig 5
Reductions in Property Value with Loss of Subsidy over a Range of Communities and Nourishment Costs.
Contours of the percent reduction in property value versus background erosion rate (m/yr) and mean number of storms per year for four cases: Top left panel—high baseline property value (parameter A = $200,000) and high nourishment sand cost ($20/m3). Top right panel—high baseline property value (parameter A = $200,000) and low nourishment sand cost ($10/m3). Bottom left panel—low baseline property value (parameter A = $100,000) and high nourishment sand cost ($20/m3). Bottom right panel—low baseline property value (parameter A = $100,000) and low nourishment sand cost ($10/m3).