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(Guardian)   Rich fools keep buying real estate on Florida's coast without realizing there won't be a real estate or even a coast or even a Florida   (theguardian.com) divider line
    More: Stupid, Real estate, real estate, Real property, flood-prone South Beach, environmental community, coastal real estate, expensive homes, South Beach show  
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3875 clicks; posted to Main » on 18 Feb 2019 at 11:39 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2019-02-18 10:19:42 PM  
TFA:  Florida is drowning. Condos are still being built.

Subby doesn't understand that it generally isn't "rich fools" buying condos.  Rich developers might be buying real estate to build condos, but they aren't planning on keeping them for themselves.

In fact, TFA specifically speaks to those who aren't millionaires and advises them to move.  Not that mere millionaires should be considered rich.
 
2019-02-18 10:33:32 PM  

Dr.Fey: Subby doesn't understand that it generally isn't "rich fools" buying condos

, except as vacation homes or for affairs with a paramour.

/FTFM
 
2019-02-18 11:41:09 PM  
Enough already about the wall.
 
2019-02-18 11:45:20 PM  
I'm not a seller or buyer of real estate in Florida, so on the "give a shiat" scale I'll rate this a 1.
 
2019-02-18 11:45:49 PM  
So you're saying we don't need to saw it off, just wait?
 
2019-02-18 11:47:47 PM  
....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal
 
2019-02-18 11:48:04 PM  
They're old. They'll be dead before that happens so they don't care.
 
2019-02-18 11:50:28 PM  

abhorrent1: They're old. They'll be dead before that happens so they don't care.


You'll also probably be dead by 2100.
 
2019-02-18 11:50:45 PM  

fusillade762: So you're saying we don't need to saw it off, just wait?


Not fast enough.
 
2019-02-18 11:51:43 PM  
Worse, climate change will result in huge super-gators that will proliferate and consume thousands of Floridians daily, until extermination efforts succeed which in turn causes the size of alligator bags and alligator shoes to increase, while the price of alligator bags and shoes concurrently drops to unprecedented levels. If you own stock in any of the major alligator bag and shoe manufacturers, it's time to divest.
 
2019-02-18 11:56:29 PM  
I'm 40, I wonder if I'll live long enough to cackle at whoever is left holding the bag?

-we will not solve global warming
-the best we can hope for is some new tech that kicks the problem down the road a bit
-most people don't care about emergencies until it is crashing through their own window
-this won't be the end of the human race, but it will change life as we know it
-we are too stupid, lazy, and adverse to inconvenience to do what must be done right farking NOW to have a chance at changing things.
 
2019-02-18 11:57:57 PM  

AstroJesus: Worse, climate change will result in huge super-gators that will proliferate and consume thousands of Floridians daily, until extermination efforts succeed which in turn causes the size of alligator bags and alligator shoes to increase, while the price of alligator bags and shoes concurrently drops to unprecedented levels. If you own stock in any of the major alligator bag and shoe manufacturers, it's time to divest.


These super gators better have super pancreases because a diet of the average Floridian would turn them into super diabetics super fast.
 
2019-02-19 12:02:45 AM  

Random Anonymous Blackmail: ....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal


if only there were other means of producing electricity.....
 
2019-02-19 12:03:22 AM  
Miami is probably one hit from a major hurricane away from a depopulation event along the lines of NOLA post-Katrina.

/People still won't call it climate change.
 
2019-02-19 12:05:12 AM  
shiat floats, the only thing keeping Florida from floating away is the mighty suck coming from Alabama.
 
2019-02-19 12:06:09 AM  

fusillade762: So you're saying we don't need to saw it off, just wait?


Problem is, the best parts of Florida will sink first. If we "just wait" Miami and the keys will be gone and we will just have the northwestern parts of the state. Then they will make it illegal to vote if you are displaced due to climate change and we will just have the most conservative parts of Florida left
 
2019-02-19 12:09:10 AM  
A couple years ago, I was visiting people in the Vero Beach area. The barrier islands there are barely a few feet above sea level, but there are all sorts of nice houses and condominium complexes there. You'll see the same all the way up through New Jersey, but often with crappier real estate.
 
2019-02-19 12:10:45 AM  
bing.comView Full Size

Or a coast of Florida.
 
2019-02-19 12:13:18 AM  
But there will be always be common-sense, well-managed federal flood insurance. And they're banking on it.
 
2019-02-19 12:17:33 AM  
I'm not worried... The NY Times said there would be at least 30 years of global cooling.   It's the NY Times and science... neither one of those are ever wrong.

https://www.nytimes.com/1978/01/05/ar​c​hives/international-team-of-specialist​s-finds-no-end-in-sight-to-30year.html​
 
2019-02-19 12:19:13 AM  
Rich fools, you mean GRU agents doing money laundering for the russian mafia and Putin?
 
2019-02-19 12:20:29 AM  

omg bbq: I'm 40, I wonder if I'll live long enough to cackle at whoever is left holding the bag?

-we will not solve global warming
-the best we can hope for is some new tech that kicks the problem down the road a bit
-most people don't care about emergencies until it is crashing through their own window
-this won't be the end of the human race, but it will change life as we know it
-we are too stupid, lazy, and adverse to inconvenience to do what must be done right farking NOW to have a chance at changing things.


There was an Iain M Banks book set after what the protagonists termed The Jackpot.
This was a catastrophic collapse of the environment, generally, wiping out most the world's population.  However it occurred (somewhat being caused by) a simultaneous massive pickup in technology, leaving the few survivors essentially in a post scarcity paradise.
Not really a fan but I enjoyed the grim comment on our outlook.
 
2019-02-19 12:25:15 AM  

omg bbq: I'm 40, I wonder if I'll live long enough to cackle at whoever is left holding the bag?

-we will not solve global warming
-the best we can hope for is some new tech that kicks the problem down the road a bit
-most people don't care about emergencies until it is crashing through their own window
-this won't be the end of the human race, but it will change life as we know it
-we are too stupid, lazy, and adverse to inconvenience to do what must be done right farking NOW to have a chance at changing things.


Re people wait until it becomes an emergency.
Stop subsidizing FEMA Flood Insurance with our tax dollars & make it break even from it's own premiums paid in.
Oh crap!  Beach front suddenly gets hella costly to own & maintain.
There's your emergency that will force action.
 
2019-02-19 12:28:03 AM  
Hurricanes have been around forever and people still build there.  If you are chicken-littling about sea level rise, it's been about 4-8 inches in the last 150 years.  I'm pretty sure they won't be waterworlding it for quite a while.
 
2019-02-19 12:29:44 AM  

omg bbq: I'm 40, I wonder if I'll live long enough to cackle at whoever is left holding the bag?

-we will not solve global warming
-the best we can hope for is some new tech that kicks the problem down the road a bit
-most people don't care about emergencies until it is crashing through their own window
-this won't be the end of the human race, but it will change life as we know it
-we are too stupid, lazy, and adverse to inconvenience to do what must be done right farking NOW to have a chance at changing things.


This whole thing will not end good. I hope I live long enough to see the rich dragged out of their mansions and shot before most of us die.
 
2019-02-19 12:29:56 AM  

fusillade762: So you're saying we don't need to saw it off, just wait?


You are evidently in the Bugs Bunny camp.
 
2019-02-19 12:30:41 AM  

lolmao500: Rich fools, you mean GRU agents doing money laundering for the russian mafia and Putin?


img.fark.netView Full Size
 
2019-02-19 12:31:10 AM  

Sean M: I'm not worried... The NY Times said there would be at least 30 years of global cooling.   It's the NY Times and science... neither one of those are ever wrong.

https://www.nytimes.com/1978/01/05/arc​hives/international-team-of-specialist​s-finds-no-end-in-sight-to-30year.html​


Someone somewhere said something once that was wrong.
That means people can be wrong.
That means nothing is right.
 
2019-02-19 12:36:58 AM  

Sean M: I'm not worried... The NY Times said there would be at least 30 years of global cooling.   It's the NY Times and science... neither one of those are ever wrong.
https://www.nytimes.com/1978/01/05/arc​hives/international-team-of-specialist​s-finds-no-end-in-sight-to-30year.html​


Hahahahaha, what a clown. You have to go back to the archives to find anything that talks about anything except warming temperatures. and it goes back a couple of decades. Hey, look at what I found:

img.fark.netView Full Size


Wow, he sounds concerned. But that must be absolute bullshiat--it calls climate change "the greenhouse effect," and we know that term isn't accurate. The earth isn't a dome. Certain places, like north Americda, had a decades-long cooling trend last century. I think we can safely say that "global warming" is complete crap.

Even if that guy got it right in 1979.
 
2019-02-19 12:40:16 AM  

omg bbq: AstroJesus: Worse, climate change will result in huge super-gators that will proliferate and consume thousands of Floridians daily, until extermination efforts succeed which in turn causes the size of alligator bags and alligator shoes to increase, while the price of alligator bags and shoes concurrently drops to unprecedented levels. If you own stock in any of the major alligator bag and shoe manufacturers, it's time to divest.

These super gators better have super pancreases because a diet of the average Floridian would turn them into super diabetics super fast.


img.fark.netView Full Size
 
2019-02-19 12:40:20 AM  
meatofmystery

Random Anonymous Blackmail: ....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal

if only there were other means of producing electricity....


Ones that didn't offend nazi leftist for "killing" birds or changing the migration patterns of a salamander..

If only.
 
2019-02-19 12:49:54 AM  

Sean M: I'm not worried... The NY Times said there would be at least 30 years of global cooling.   It's the NY Times and science... neither one of those are ever wrong.

https://www.nytimes.com/1978/01/05/arc​hives/international-team-of-specialist​s-finds-no-end-in-sight-to-30year.html​


There's this thing with science, it uses the data that's available to make predictions about trends. IN  THE 70s, the data indicated that we should be seeing cooling. However, since then, we've not only reversed the cooling, but boosted the global temperature as well. The prediction changed because new data came in. Shocking, I know.
 
2019-02-19 12:53:47 AM  
You know, if Trump wants to build a big beautiful wall, I can think of a place to put it where it might actually do some good.

But since his ass isn't that yuge, why not build it around Florida? Keep the water at bay for half a century, it might even pay for itself.
 
2019-02-19 12:53:54 AM  

Dr.Fey: Subby doesn't understand that it generally isn't "rich fools" buying condos.


Well...you may have a point, but the top ten most expensive condos for sale in Miami are at least $25M, according to some web page I Googled.
 
2019-02-19 12:56:09 AM  

Madman drummers bummers: I'm not a seller or buyer of real estate in Florida, so on the "give a shiat" scale I'll rate this a 1.


Do you have homeowner's insurance?
Do you pay federal taxes?
Then this affects you.
 
2019-02-19 12:58:59 AM  
One of the reasons why the super-rich build or buy in Florida is to take advantage of Florida laws which mayke it really hard for creditors to get their hands on real estate. Trump and a lot of other famous bankrupts have a place in Florida as a hedge against creditors. I imagine a lot of this trade would continue to attract big money until the foundations crumble and the super-rich have to find a tax have that is a bit further off shore than the average island or sand bar. In the right direction--inland and uphill.

Oddly enough, Delaware is one of the biggest tax havens and it is no more off-shore than Florida, and most of it is if anything lower that bits of Florida.

However, if you want a global warming proof tax haven, I think you would be hard put to beat Austria or Switzerland. Because they are quite a ways inland and uphill with respect to most of the world's money.
 
2019-02-19 01:01:06 AM  

Random Anonymous Blackmail: ....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal


So don't buy a Tesla if you live in West Virginia. Nobody does there anyway. I live in NY state, where virtually none of the electricity comes from coal. It's mostly nuclear, hydro, or renewable, and the rest is natural gas.
 
2019-02-19 01:01:28 AM  
If you want to know the truth of what is real and what is denialism, check with an actuary for an insurance company. They gave up insuring most of Florida years ago, especially the Keys.

Storm surge insurance? They're happy to sell you flood insurance because floods don't do the damage--it's the storm surge during hurricanes. As far as insurance companies are concerned, the first ten or twenty feet of water is free.
 
2019-02-19 01:03:26 AM  

wingedkat: fusillade762: So you're saying we don't need to saw it off, just wait?

Problem is, the best parts of Florida will sink first. If we "just wait" Miami and the keys will be gone and we will just have the northwestern parts of the state. Then they will make it illegal to vote if you are displaced due to climate change and we will just have the most conservative parts of Florida left


You say that like it's a bad thing.
 
2019-02-19 01:03:26 AM  
Gotta love it!
 
2019-02-19 01:03:53 AM  

brantgoose: One of the reasons why the super-rich build or buy in Florida is to take advantage of Florida laws which mayke it really hard for creditors to get their hands on real estate. Trump and a lot of other famous bankrupts have a place in Florida as a hedge against creditors. I imagine a lot of this trade would continue to attract big money until the foundations crumble and the super-rich have to find a tax have that is a bit further off shore than the average island or sand bar. In the right direction--inland and uphill.

Oddly enough, Delaware is one of the biggest tax havens and it is no more off-shore than Florida, and most of it is if anything lower that bits of Florida.

However, if you want a global warming proof tax haven, I think you would be hard put to beat Austria or Switzerland. Because they are quite a ways inland and uphill with respect to most of the world's money.


I don't know about the tax havens, but apparently the rich are buying up land in New Zealand to escape the oncoming catastrophe.
 
2019-02-19 01:10:31 AM  
That's why I am buying property in Otisburg.
 
2019-02-19 01:11:48 AM  

itcamefromschenectady: Random Anonymous Blackmail: ....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal

So don't buy a Tesla if you live in West Virginia. Nobody does there anyway. I live in NY state, where virtually none of the electricity comes from coal. It's mostly nuclear, hydro, or renewable, and the rest is natural gas.


Ontario and Quebec get most of their electricity from nuclear power plants and hydroelectric dams or run-of-river turbines. That's why the Electric Company is called Hydro and your electric bill is called Hydro. When Canadians think of electricity, they think of hydro-electric generation, not coal.

That's why people who want to offset their carbon consumption buy electricity from "green" providers. The electricity is fungible, but buying it from a "green" provider means you encourage green production, although the electricity for all the producers travel through the same wires.

In Canada your bills are broken down into several items, for the power itself, the the transmission, and so forth so that companies can compete for your business. But the giant electrical network is shared and owned by a different company from the little picayune power plants and the big producers like the nuclear reactors.  It's a bit "virtual" but it makes economic sense because buying your electricity from Bullfrog, say, encourages investment in better cleaner production without the little producers having to compete directly with the big vested money in the form of the grid or giant producers and giant users who get large discounts on the cost of their electricity compared to small businesses who buy retail or domestic household customers.

Isn't modern economics amazing? They can build towers from the roof down, or sell you the airspace over a cathedral to build in across town where height limits are not restricted. You can even buy carbon offsets so you can fly with a clean conscience if you are rich enough to pay the carbon taxes and surcharges.
 
2019-02-19 01:14:00 AM  

wesmon: brantgoose: One of the reasons why the super-rich build or buy in Florida is to take advantage of Florida laws which mayke it really hard for creditors to get their hands on real estate. Trump and a lot of other famous bankrupts have a place in Florida as a hedge against creditors. I imagine a lot of this trade would continue to attract big money until the foundations crumble and the super-rich have to find a tax have that is a bit further off shore than the average island or sand bar. In the right direction--inland and uphill.

Oddly enough, Delaware is one of the biggest tax havens and it is no more off-shore than Florida, and most of it is if anything lower that bits of Florida.

However, if you want a global warming proof tax haven, I think you would be hard put to beat Austria or Switzerland. Because they are quite a ways inland and uphill with respect to most of the world's money.

I don't know about the tax havens, but apparently the rich are buying up land in New Zealand to escape the oncoming catastrophe.


New Zealand. A great place to retire, I hear. Seriously, follow the money. You might be able to buy a farm and ka-ching, pay for your retirement, or failing that, eat lamb at the price of tofu.
 
2019-02-19 01:23:26 AM  

brantgoose: itcamefromschenectady: Random Anonymous Blackmail: ....burning coal and building waterfront real estate...

So buy a Tesla, your electric vehicle powered by coal

So don't buy a Tesla if you live in West Virginia. Nobody does there anyway. I live in NY state, where virtually none of the electricity comes from coal. It's mostly nuclear, hydro, or renewable, and the rest is natural gas.

Ontario and Quebec get most of their electricity from nuclear power plants and hydroelectric dams or run-of-river turbines. That's why the Electric Company is called Hydro and your electric bill is called Hydro. When Canadians think of electricity, they think of hydro-electric generation, not coal.


Hydro-Québec supplies nearly a terawatt of electricity to NY state. However, the electric company here is not called Hydro; it's called National Grid, which is a UK company.
 
2019-02-19 01:26:58 AM  

Sean M: I'm not worried... The NY Times said there would be at least 30 years of global cooling.   It's the NY Times and science... neither one of those are ever wrong.

https://www.nytimes.com/1978/01/05/arc​hives/international-team-of-specialist​s-finds-no-end-in-sight-to-30year.html​


Or maybe journalists are not always reliable and there never was a widespread scientific consensus about global cooling. Just some misleading reporting that happened to catch the public's attention.
 
2019-02-19 01:49:32 AM  

Gestalt: Miami is probably one hit from a major hurricane away from a depopulation event along the lines of NOLA post-Katrina.

/People still won't call it climate change.


Good, because climate change sounds like something you adapt to by wearing a different type of clothing, changing where you live, and using more robust building techniques.

We should be calling this process Planetary Ecosystem Collapse (PEC).  That's accurate and alarming, as it should be.
 
2019-02-19 01:52:02 AM  
Rich fools keep buying real estate on Florida's coast without realizing there won't be a real estate or even a coast or even a Florida

Methinks the lady doth protest too much
 
2019-02-19 01:58:41 AM  

Spermbot: Gestalt: Miami is probably one hit from a major hurricane away from a depopulation event along the lines of NOLA post-Katrina.

/People still won't call it climate change.

Good, because climate change sounds like something you adapt to by wearing a different type of clothing, changing where you live, and using more robust building techniques.

We should be calling this process Planetary Ecosystem Collapse (PEC).  That's accurate and alarming, as it should be.


But, it's happened hundreds maybe of thousands of times in the past. The earth will be just fine. We are insignificant. An anomaly hardly worthy of a footnote. All things come to an end friend.  Change, development, renewal. Sh*t man.
 
2019-02-19 02:01:12 AM  

CivicMindedFive: Hurricanes have been around forever and people still build there.  If you are chicken-littling about sea level rise, it's been about 4-8 inches in the last 150 years.  I'm pretty sure they won't be waterworlding it for quite a while.


ORLY?
 
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