I've never understood this argument. Please explain to me how it makes sense. Do you really think these elites care about the long-term value of their propertie

I've never understood this argument. Please explain to me how it makes sense. Do you really think these elites care about the long-term value of their properties enough that they wouldn't invest because of climate change? If they get 10, 20, 30 good years out of their properties, why would they have problems with losing them at some point?