this post was submitted on 14 Aug 2024
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Looking on Zillow, it looks like a beachfront house on Long Beach Island in New Jersey is ~$2.5-5 million.
Cross the street, go one house back from the beach -- the differentiating factor between the two being whether there's a view out over the ocean -- and the price drops to maybe $1.5-2.5 million.
So you figure that people there basically bought a house plus a window with a fancy picture in it, and that picture cost maybe one to several million dollars.
I wouldn't pay several million dollars for a fancy picture, but I imagine that if someone has done that, then they're probably liable to get pissy if people go and fiddle with it.
Yeah that’s definitely a component, although I’m not sure it would even actually hurt the value. The beaches are public so they already cannot control that view. My favorite of their arguments was all of them very quickly becoming whale activists and stating with certainty that windmills kill whales.
Fuck them.
But more realistically there should be a land value tax in place anyway. If the price does go down I wouldn't be totally against giving them money. But would have to be over a period of say 10 years to avoid any market inefficient panic causing a temporary dip.
Then they can pay to produce clean energy or reduce energy usage for people in the rest of their city to make this unnecessary. Or as another commenter put it, eat our entire collective asses.
If some dude paid a million dollars to control the ocean and the power supply of the region, then people are probably going to get pissy at the overwhelming, unearned privilege.