He also has 'fuck you' money so he doesn't care. It's not like the 60 year old woman quoted in the article who might become homeless.

Is the home literally on the beach, if not it should be safe even if the water rises a bit.

This is an interesting fact related to the discussion, yet downvoted. Weird.

I think the reason is that what I said isn't compatible with the most catastrophized interpretation of climate change. Climate change is one of the few topics alongside topics like guns and abortion where nuance is generally not welcome. Look at the other responses. Does "he's rich so he's probably just burning millions of dollars" feel like the most reasonable explanation of his behavior? I don't think that fits what I know of Obama's temperament. Apparently, some people disagree.

It's mildly relevant, but it's implying that somebody with 40 million dollars would never buy something that would lose money over time. Which is ridiculous.

A house doesn't have to be investment!