Malibu, home to world-famous beaches, has long been home to some of Hollywood’s biggest stars. Historically, these millionaire celebrities and those who want to be close to them have spent fortunes to live close to the area’s gorgeous coastline, but fears over global warming are now transforming this important real estate market—one of the nation’s highest-priced—according to a new report by the Hollywood Reporter.
“The whole ‘being on the beach’ thing has started to fade away in Malibu because of global warming and climate change,” said Anthony Paradise, an international agent for Sotheby’s, to the Hollywood Reporter. “Some people will buy on the land side because they’re fearful that ocean-side homes may disappear.”
Santiago Arana, a managing partner at The Agency real estate firm, said climate change fears are driving some housing prices higher than they would otherwise be.
“The smaller the beach gets at Broad Beach, the bigger the numbers are going to get here [in Malibu Park],” Arana said. “Right now, prices are starting to move into the $15 million to $20 million range. Some of that has to do with the fact that in the last five years, people have started looking at beachfront differently.”
Hollywood’s decision to run for the hills shouldn’t come as a surprise. Actors and actresses have been sounding the global-warming alarm for years, with many giving away small fortunes and jet-setting around the world (in their fossil-fuel-emitting private planes) to help stop humans from destroying the planet.
According to the far-left publication Earth Talk, some of the biggest global-warming alarmists in Hollywood are Robert Redford, Meryl Streep, Cate Blanchett, Leonardo DiCaprio, Mark Ruffalo, Julia Roberts, Edward Norton, Brad Pitt, Pierce Brosnan, Charlize Theron, Matt Damon, Will Ferrell and Tom Hanks.
(H/T: Watts Up With That?)