What is it about being on a white sandy beach that makes people happy? Why does the sound and smell of the ocean make people feel relaxed? Why is "ocean view" the most valuable phrase in real estate?
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The ocean imparts a trillion-dollar premium on hotel rooms, condos and all forms of coastal real estate. People want to see and hear the sea from where they eat and sleep and are willing to shell out a lot of green to get some blue.
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