The sea level doesn't just rise one day. It's a slow process that'll happen over decades. Many of the people living in those houses now probably want to sell in the near future while they still can. They might not get back what they paid but in 5 years you're not going to get even that so better cut your losses. At some point the coastline gets so close that those houses will just be abandoned, demolished and people will have moved further inland.
I'm having some trouble understanding what exactly is the confusion here. If the sea level rises it's not like people will just keep living underwater. They have to move somewhere else. Entire cities and towns has to be relocated elsewhere. Besides building massive sea walls there's just no other option. This in no way implies it's not going to absolutely suck for the people living there. Ofcourse it does.
What exactly is it that Ben is wrong about here? This is really confusing to me
His trope and that of the people he finances is climate change denial and libertarianism. It doesnât need to be in that video, but thatâs the context he philosophizes in.