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Thinkerbell Actually, the Obamas' house is a few hundred feet back from the shoreline. I scoped it out on google earth when the announcement was made. You can't build close to the Atlantic beach anywhere along that Edgartown Great Pond / Tisbury Great Pond area. So the Obamas still have a few decades to enjoy their property.
And with net worth of around $70 million (they got a TON of money out of their respective books) they may consider that they've got their money's worth out of that house after 20 or 30 years.
Alternatively, they just might be optimists. They might be noticing how the rate of CO2 increase isn't as steep as it used to be (second derivative going negative, if you get my drift). That reduction in the rate of CO2 increase has already pushed the inflection point a decade or more into the future.
And that leads us to one of the things you climate deniers tend to get wrong. Predictions made based on the rate of CO2 increase between 1980 & 1990 are very different from predictions made based on the rate of CO2 increase between 2010 & 2020. Because most of society has been taking those predictions seriously and cutting back on greenhouse gases.
The system isn't static. Humanity is responding. And you climate denier conveniently ignore that fact when you cite old predictions.
As another example of that, you'll find some deniers saying "whatever happened to predictions about that alleged ozone hole? Why don't we hear about IT anymore?"
Well, the fact is, we reduced worldwide usage of CFCs by over 99%. When humanity changes its behavior, the environment responds. The reduction of the ozone hole is a great success story in two ways. It shows how humanity can affect the atmosphere worldwide, and it shows how humanity can clean up its mess and fix the ozone worldwide.