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Man, from where I stand, you'd have to be a hard-core climate-change denier to buy in Miami now. I guess if you plan on unloading in less than twenty years, but
by mikestew 8y ago
Man, from where I stand, you'd have to be a hard-core climate-change denier to buy in Miami now. I guess if you plan on unloading in less than twenty years, but like a stock market options contract, seems like the value is going to go down as time to "expiration" draws to a close.
- Analemma_ 8y agoOnce the problems in Miami get too big to ignore, residents will demand, and probably get, a huge engineering megaproject to fix the problem on the taxpayers’ dime, because the alternative is abandoning a major city, which has never been done in modern times apart from major nuclear accidents. So (unfortunately) it remains rational to invest in Miami real estate even if you accept that it’s going to be flooded in the next couple decades.
- MuffinFlavored 8y agoAre you saying it's going to be too unbearably hot in Miami?