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Brilliant engineers make good money. So they can pause to enjoy life, and do unwise things like purchase waterfront property when sea levels are rising. Why sho
by thesmallestcat 10y ago
Brilliant engineers make good money. So they can pause to enjoy life, and do unwise things like purchase waterfront property when sea levels are rising. Why shouldn't they? Does everything have to be an investment?
I'm guessing you don't criticize people queueing up for properties in the Bay Area, where the Big One could happen any day, and while it will probably be in the East Bay, we really can't say for sure. And in that case, you don't just lose your basement, but possibly your life. In my opinion there are quite a few "heads in the sand," as you put it, on the west coast.
- Neliquat 10y agoThe possibility of an earthquake, damaging a building build to withstand one, vs the eventuality of your land being underwater are distinct in my mind. That being said, the rink of earthquake has been observed and baked in to insurance, while sea level rise is only now becoming a factor. Your point about doing 'unwise things' because you have the money is well taken, and most waterfront property, like other highly depreciating assets, are a vanity thing, so I get that point well.