If change equals opportunity, then the massive changes presumed to arise from global warming may well bring massive opportunities for risk-takers.
While largely ignoring such distractions as war, famine, death, pestilence and such, a mildly glib-ish article in Atlantic Monthly advises, among other things, that northern climes will be beneficiaries as southern ones become too toasty.
Real-estate will be a good investment, not only because of population growth and expansion of the global economy, but more transparently also because rising sea levels will diminish the supply. The author suggests that real-estate in the following areas should appreciate steadily in the coming century: Buffalo, D.C., Nunavut, Afganistan, and sub-Saharan Africa, or for that matter almost any of the lands bordering the Arctic Ocean.
Sounds schadenfreude-ish, but likely to be just Friedman-esque capitalism.
Global Warming: Who Loses—and Who Wins – The Atlantic Monthly, April
Related posts:
{ 2 comments… read them below or add one }
Very interesting. Anyone have a condo in Buffalo they’d like to sell?
I think Buffalo was already a great place in which to invest in real estate, and I don’t want to hear any jokes about that!