People go to graduate school, earn advanced degrees, spend years familiarizing themselves with the pertinent scientific literature, and painstakingly conduct research to even being to understand the scope, nature, and variables involved in sea level rise.
You got directed to an article from whatever rightwing website you were visiting, and leaped out of your chair to a conclusion in five seconds. You leaped to a conclusion within five seconds because you had a pre-determined disposition to accept any and all information that paints Obama in a bad light.
You do not know what sea level projections are for that part of Martha's Vineyard.
Here is a tip for you. Sea level projections are highly variable around the world. The ocean is not just one big bathtub that rises in level at a uniform rate everywhere. Scientists spend years considering how tides, currents, topography, subsidence, thermal expansion and how all those interplaying factors ranks in the magnitude of the risk of sea level rise to coastal communities.
I believe the Obama's are smart enough that, before they invest millions of dollars, they are going to either research themselves, or consult with experts, about any natural risks associated with the property they are interested in.