In the free market of ideas, no one actually believes this will happen. Just look at coastal real estate. Buyers and lenders would have to be colossal fools to pay such premiums to be waterfront. Even Obama just plunked down 12M on a waterfront mansion on the low lying island of MV.
Buyers and Lenders are in fact, colossal fools. People build in floodplains all the time.
Real estate is about the closest thing to putting your money where your mouth is as far as climate change goes and the people have spoken - the coasts are still the most valuable and desirable places to live.