https://www.starnewsonline.com/story/news/local/2024/01/16/nc-insurers-want-to-nearly-double-rates-for-coastal-homeowners/72179676007/
Lmao who could have seen this coming except FUCKING EVERYONE
I've seen several articles over the last few years where journalists have asked real estate agents about how they sell coastal properties that perhaps won't be inhabitable 50 years from now. The response is that it's so far into the future that buyers will still likely be able to sell the property 20 years down the road
I guess the "bigger fool" thing works just as well here as in stock market bubbles.
buyers will still likely be able to sell the property 20 years down the road
asked real estate agents about how they sell coastal properties that perhaps won't be inhabitable 50 years from now.
Tell them they're owning the libs by showing they dont believe in climate change
the year is 2065. aquaman gone from superhero to superlandlord as he now owns 40% of the world's real estate. Mansa Musa, Marcus Lincinius Crassus, John Rockefeller, all paupers and beggars compared to his unimaginable subaquatic wealth
Blame increased risk from climate change and surging coastal property values
surging coastal property values
This reminded me of some bullshit where they had passed a law either forbidding action based on coast line change or forbidding monitoring of it IIRC.
Here's an article if anyone wants it but it starts out pretty strong https://www.theguardian.com/us-news/2018/sep/12/north-carolina-didnt-like-science-on-sea-levels-so-passed-a-law-against-it
"In 2012, the state now in the path of Hurricane Florence reacted to a prediction by its Coastal Resources Commission that sea levels could rise by 39in over the next century by passing a law that banned policies based on such forecasts."
The government forbidding people of talking about a past or imminent disaster is what people claim happens in socialist countries... it's really always projection, isn't it?
: "Look, I'M not saying climate change is real. But your precious corporations are."I just gotta say that if you choose to buy a house on the coast, you deserve what's coming to you. If you've got the money for beachfront property and you choose to spend it on something that everyone around you tells you will be flooded in less than a decade, you're asking for it.
Breaking news: Fast food restauranteur Eugene Krabs transitions to the real estate industry
This is a 2019 interview with David Wallace, author of The Uninhabitable Earth, a book often described as alarmist and doomer. I barely remember much of the interview but this section always sticks out in my mind, especially given the sociological ending of the pandemic we've been witnessing and the people who have been abandoned.
Those changes are coming for us too. I don't think that we'll be able to escape them in the U.S. and the U.K. For instance, but the question of climate reparations, I think, will be a major subject in the coming century. Who's gonna build the sea walls? And where do we decide where the sea walls will be built, and where they won't be built?
I was talking to a really prominent climate scientist a few months ago, who was one of the lead authors of the IPCC last report, and has been doing a lot of consulting work in New York City where he lives. So I said, "Are we gonna build a sea wall in New York?" And he said, "Oh, of course we'll build a sea wall. Manhattan real estate's way too expensive to lose." But those kinds of projects ... You look at the subway, it takes 30 years.
If we started now, he said, we couldn't build it fast enough to save parts of Howard Beach, South Brooklyn, Queens. He said, "The city knows this, and you're gonna start seeing them stopping infrastructure repair, not doing work on the subway lines and even telling those residents explicitly, 'You might be able to live here for another 20 years, but you're not gonna be able to leave this house for your kids.'" This is in New York City. And this is a conversation that the climate...
CHRIS HAYES: Really?
DAVID WALLACE-WELLS: Yeah.
CHRIS HAYES: Parts of New York City that the city sort of already knows, in its long-term planning, are going to have to be essentially abandoned back to the sea?
DAVID WALLACE-WELLS: Yeah. He said... You know, if you look at the map of Long Island, the cemeteries that are in Brooklyn and Queens, they basically trace a particular geological line all the way out to the middle of the forks at the end of Long Island. That's the highest point on the island. And he was like, "Basically everything south of there, it's gonna be gone."
edit: Forgot the link!😅
States should be buying up coastal properties and turning them into public beaches.
Makes it so not just the super rich can afford to have access to the beaches and also means the government doesn't have to bail these people out when their house gets washed away every 5 years because they rebuilt their house on the same spot it got washed away 5 years ago.
I would do anything to see them imminent domain the entire coast in Malibu, on principle and secondly bc I know a few people who have homes there from my work and the turbo-schadenfraude would be amazing
The value of these petit bourgeois Pokémon cards is going to keep increasing right up until the moment they are swallowed by the ocean. And they’re going to keep trading them for a profit in a sort of musical chairs until the music stops.
It's right there, the articles purpose. Shifting blame. Are these guys still trying? Are they using chatgpt or some shit for their prop pieces?
