Posted on 04/06/2010 6:50:34 AM PDT by mattstat
Stevey Cohen, head of the Earth Institute at Columbia University, wants you to short New York City real estate.
He doesnt actually say thatStevey isnt a broker and his statements are not a solicitation to buy or to sell etc., etc.but he does claim that the city will soon be under water, be battered by hurricanes, suffer bouts of heat stroke, and will generally suffer under the awful burden of global warming.
Thus, the clear implication of his recent New York Daily News op-ed is that if you dont sell now, youll be under water: both literally and figuratively.
Stevey doesnt use the words global warming to describe our predicament. Hardly anybody does anymore, and for the obvious reason. Since it is true that the Earths climate has never stayed still, that it has always been in flux, it will always be true that we poor humans will suffer climate change.
To raise the alarm of Climate change! is, and will always be, a perfectly truthful activity. No matter what happensand something always happensyour prediction of change will always be accurate. It is an enviable position to be in. However, there is a hidden danger, which I discuss below.
The switch to climate change from global warming shows the immense, overwhelming importance of words in this debate. Use global warming and if the temperature doesnt go upif, that is, it has the temerity to go downand you could end up looking like a fool, like poor Phil Ive Contemplated Suicide Jones. But use climate change, then let the temperature do whatever it may: for each prediction, you come out smelling like New York City tap water, the best in the world.
But not for much longer. Because...
(Excerpt) Read more at wmbriggs.com ...
I’d short it because the liberals are driving it into the ground, not because of global warming.
LOL!!!
...
Back to shorting real estate. Stevey Cohen says that sea-level rise and floods are on the way, particularly along the parkways that lead into the city. A house that has a river running through it is everywhere less valuable than a dry one.
Therefore, those who believe Steveys predictions should be willing to bet on it. I am willing to take their Manhattan real estate off their hands at a discount that reflects the direness of global warming predictions. Say that Battery Park will be dunked by rising seas, then apartments down there should be worthless.
Ill pay that price, and even kick in all associated taxes and transfer fees to anybody who actually believes Cohens predictions.
Any takers?
...
LOL!!!
Yup. Short NYC as a whole because it has once again become a crime ridden cesspool (see the story about the Easter gang “initiation” day) and a tax/business nightmare, all thanks to the libs. This includes Bloomberg.
“Ill pay that price, and even kick in all associated taxes and transfer fees to anybody who actually believes Cohens predictions.
Any takers?”
I’ve been trying this with land in the Florida Keys for almost 10 years now. Nobody, and I mean NOBODY, is willing to sell their land on the cheap knowing full well that Algore claims otherwise by, what was it, 2015!!!
I wonder why Stevey Cohen of the Earth Institute at Columbia University and James Hansen (of GISS which is tied to Columbia University) has an office which is just a block away from the Hudson River and sea level.
I think Stevey Cohen should be talking to the Columbia University about moving the University campus instead of trying to depress real estate prices.
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