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It seems strange that people aren’t buying more arctic coastal land as an investment IMO. On the other hand it’s pretty hard to figure out who to buy it from a
by swiley 6y ago
It seems strange that people aren’t buying more arctic coastal land as an investment IMO.
On the other hand it’s pretty hard to figure out who to buy it from and you’re literally betting on a combination of weather and geopolitics which seems a bit irresponsible.
- jobigoud 6y ago> It seems strange that people aren’t buying more arctic coastal land as an investment IMO. The rise in sea levels will be global though.
- eloff 6y agoInteresting aside, not really. It won't be even. It has a lot to do with rebounding land and gravitational effects of ice sheets, etc. Sea levels will drop, at least initially, in some places even though the overall trend is rising sea levels. It's a complex topic.
- eloff 6y agoI think the majority of climate change effects are too slow to be able to invest in those trends. I've given that quite a bit of thought. Demographic investment is likely to payoff much sooner and has an even better "predictable results" quality to it.
- lxmorj 6y agoA great Canadian songwriter once wrote - “If you chose not to decide you still have made a choice”. Capital needs somewhere to park, and it all come with risk. I don’t know a company that will be immune to the direct effects of climate change and the secondary geopolitical effects. How is land purchasing differently responsible than any other investment? If that land may go up in value in the future, plenty of the current owners may be quite happy to realize some of that gain now with 100% certainty by selling to speculators.