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When it's far too late. Specifically, when comparatively wealthy people start feeling the effects. So far, most don't. It's just beginning to happen, as proper
by CalRobert 8y ago
When it's far too late.
Specifically, when comparatively wealthy people start feeling the effects. So far, most don't. It's just beginning to happen, as property owners in Miami beach realize they own a stranded asset, but for most wealthy people it's still a non-event.
- doctorpangloss 8y agoI don't know dude, an earthquake in California and Washington is going to create many more victims and destroy many more houses than the slowly rising waters in Florida. Even if I agree with your general sentiment that people will "wake up" when it's far too late, I really doubt the reasons will be financial in a world where everyone is economically poor and accounting rich.
- CalRobert 8y agoSure, but earthquakes are unrelated. When someone goes bankrupt because they're $500k underwater on a Miami Beach condo or a Sierra Nevada cabin (fire risk) they'll look for someone to blame.