OTOH, if the Ice Age gets cranking and sea level does drop, eventually tides and storms won't reach the present beach. How would that affect State or public ownership? Of course access to the Bay won't be so convenient, either. The Art Bell guest said that when the climate tips into Ice Age mode, the transition will be quick, 3-10 years. Sea level change would then be rapid and we would notice--no question, no doubt.
Nature is so insolent in her lack of respect for private property and rules of market. Free traders should whip and brand with hot irons the waters of the ocean.