Wharfie, they will have to sell it to somebody who doesn't need a mortgage if that's the case. If it's true that global warming is a load of nonsense, then somebody who doesn't believe it will buy it. If Global Warming is true, then they were dumb to build in a flood zone and loss of money is what happens when people do dumb things.
For decades I wouldn't have built or bought too close to sea level because of tsunami risk.
It's a market.
It's amazing how people will do dumb things then moan about the outcome of their dumb thing. It's fair enough to moan, "Omigo-, I did a really dumb thing again. If only my parents had done some genetic engineering on my zygote to plug in the high IQ genes. Oh well, c'est la vie."
Ironically, even if it's not true, the fear of greenhouse effect 'rising tide', will save people's lives by reducing the amount of housing close to sea level. So, when the real risk, a tsunami, does finally hit, not so many people will drown.
It's really dopey to have person or property near sea level and worry about global warming. A tsunami caused by a bolide or other effect is going to happen, and they happen so fast that you don't get a chance to move yourself or your refrigerator to higher ground [not always anyway though a comet into the Pacific Ocean would cause such a commotion over the telecosm that people would mostly get uphill in time].
Look, speak of the devil moaning that they can't enjoy ocean front without incurring the cost: <"I feel sorry for Katrina victims -- it was a terrible thing," Peg Buchanan says. "But I don't see why the rest of the world should be punished because we like oceanfront." >
Mqurice |
