The Price Effect of Sea Level Rise with Dr. Ryan C. Lewis

October 17, 2021

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!

Show Transcription
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Peter Ravella & Tyler Buckingham

Peter and Tyler joined forces in 2015 and from the first meeting began discussing a project that would become Coastal News Today and the American Shoreline Podcast Network. At the time, Peter and Tyler were coastal consultants for Pete’s firm, PAR Consulting, LLC. In that role, they worked with coastal communities in Texas, Florida, and North Carolina, engaged in grant writing, coastal project development, shoreline erosion and land use planning, permitting, and financial planning for communities undertaking big beach restoration projects. Between and among their consulting tasks, they kept talking and kept building the idea of CNT & ASPN. In almost every arena they worked, public engagement played a central role. They spent thousands of hours talking with coastal stakeholders, like business owners, hotel operators, condo managers, watermen, property owners, enviros, surfers, and fishermen. They dived deep into the value, meaning, and responsibility for the American shoreline, segment-by-segment. Common threads emerged, themes were revealed, differences uncovered. There was a big conversation going on along the American shoreline! But, no place to have it. That's where CNT and ASPN were born.