What is the investment time frame? For most of the predictions we see it is end of century. Not every beachfront property will be underwater even then. The argument that beachfront property is worthless today and if CC were true no one in the know would buy it, just doesn't hold water. There is still money to be made. There is also the greater fool theory. So CC being true would not necessarily put a damper on demand immediately. There is also the hope, not completely unfounded that it will not be as bad as predicted, due to technology.Peter Brown wrote: ↑Fri Oct 11, 2019 4:16 pm
Why is that a "bogus argument"? We are told repeatedly that all polar ice is melting and soon sea levels will consume Miami, New York City, Boston, and so forth. We could post thousands of articles stating so.
If sea levels rise like is warned, wouldn't it be smarter to acquire land anywhere but the oceanfront? Both Al Gore and Barrack Obama are beach buyers. You explain that.
Look at the predictions in detail. There are websites that do this very nicely. It is all about location, location, location, followed by timeframe. My boyhood home will be gone by 2100 if the midline predictions are true. My old back yard will be under inches of water by 2050 if midline predictions are true. If highline prediction are true, by 2050 the house is gone. The lowline prediction shows the backyard underwater by 2100, but the house is not destroyed. What is clearly true is that my boyhood neighborhood is in real danger. All of this can change if the government were to spend money on water abatement, but they won't in a poor neighborhood. Home prices have not crashed as far as I know in this or nearby neighborhoods.
That is my point.