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In the long run, equities have always outperformed real estate, regardless of climate or weather events: companies and peoples can move, pieces of land cannot.
by gwern 10y ago
In the long run, equities have always outperformed real estate, regardless of climate or weather events: companies and peoples can move, pieces of land cannot. And 'Mad Max' scenarios are currently not projected to happen anytime remotely soon if ever.
- M_Grey 10y agoTo be fair, 'Mad Max' isn't something you project, it's an overly optimistic post-script to a total nuclear exchange. It may be that pressure from climate change and poor coping mechanisms on an international scale could lead to said nuclear exchange, although I certainly hope not.