The projections have sea level rise reaching that property in 65-80 years. That's long enough for him and his family to enjoy it for the rest of his and Michelle's life, and for his children to inherit it and enjoy it for most or all of their lives.
I haven't seen anyone seriously say that we need to abandon existing coastal property. We just need to be cognizant of sea level rise and take that into account when deciding on the present value of the property.
According to an unsourced article from a gossip rag.
> I don't see any exodus of wealthy people from exposed coastal areas.
We're commenting on an article about wealthy people taking action to protect their exposed coastal property.