Does the increase in hurricane activity make it riskier to buy oceanfront property?

I’m considering buying some beachfront property in the mid-atlantic region. It certainly seems that there is a definite trend toward more hurricane activity. Beach erosion alone would be a major concern. Its been our dream to own a modest home on the beach. It would be our only home. I wonder if I wouldn’t be taking a higher risk considering the evidence that the storms are escalating in number and strength. Any comments? Thanks.

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5 Comments on “Does the increase in hurricane activity make it riskier to buy oceanfront property?”

  1. 1 Rich Z said at 7:12 pm on March 3rd, 2009:

    I think a bigger problem is that insurance rates in those areas are going up very high as insurance companies take advantage of those situations.

  2. 2 jdkilp said at 6:07 pm on March 4th, 2009:

    For highrisk areas mostly because of katrina.

  3. 3 whitneymagnolia said at 11:45 am on March 5th, 2009:

    I was actually wondering the same. I wouldn’t make the home a primary residence but you would need to be careful in how much you put into it. The weather has become more unpredictable in ocean areas and can cause alot of problems. Maybe this shouldn’t be your primary residence right now but use it as a secondary. I hate to see you lose everything if another storm comes (and it just might due to weather violatility)… and there is no sure thing… Just minimize your losses but go for it. I think that is what I am going to do. You gotta live life and have the things you want, we just have to be smart about it.

  4. 4 Suzy said at 10:09 am on March 8th, 2009:

    Waterfront property will hold its value because there is only so much of it. New building codes are set to withstand hurricanes. Mine withstood a Cat 4 in 2004. Beachfront owners take chances with hurricanes just as mid-westerners take chances with tornadoes.

  5. 5 Kenneth C said at 10:07 pm on March 9th, 2009:

    The money because of all of paying premium for insurance also we saw how insurance claims because of paying.
    For insurance also we saw how insurance claims because of all of all of katrina so be paying premium for insurance also we saw how insurance also we saw how insurance.
    The wacky weather you have the money because of paying insurance claims because of the wacky weather you.


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