Posted on 11/07/2019 8:35:20 AM PST by Oldeconomybuyer
The fate of home prices in real-estate markets that have a high risk of being affected by climate change could come down to how many local residents actually believe in climate change.
A new study examined the role climate change denial plays in the pricing of these homes. Researchers compared sea-level data from NOAA, current real-estate transaction data from Zillow, and geographic data about climate change attitudes from the Yale Program on Climate Change Communication, which estimates opinions on climate change based on a national data set of 24,000 people.
Having a higher concentration of people who deny climate change will cause home prices to be higher in at-risk areas, the study found. Homes that are projected to be underwater due to climate change sold for 7% more in “denier” neighborhoods as compared with “believer” neighborhoods. Denier neighborhoods are those in which the share of people who believed in climate change was below the national median.
“If everyone were to say, ‘I’m not buying beachfront property here because it’s going to get flooded,’ then prices would collapse,” UBC Sauder School of Business assistant professor and study co-author Markus Baldauf said. “But if you don’t believe in climate change, you might say, ‘You guys are crazy. Climate change isn’t a real thing, so I see a buying opportunity.’”
(Excerpt) Read more at marketwatch.com ...
We live near Weeki Watchie and Hernando Beach. Properties there are going up and the demand is very strong. Denial is real! :)
“I doubt that the type of person who’s dumb enough to buy into this cult is going to be able to afford to live on a coast anyway.”
I couldn’t find the Tim Pool video about a liberal’s first flight over farm land. It was hilarious. The lib had Tweeted a photo of flat farm land (which he did not recognize as farm land) and said he had no idea why it looked like this patchwork mosaic. He had, apparently, never seen a farm. Pool said, “You know, if you have never seen a farm, if you don’t know where food comes from, perhaps you should not be proposing sweeping legislation that will affect everybody.” So, yeah. Dumb is the word.
thank you...
We demand that the climate be static!
Like Obama. And Like everyone with a beachfront home in California and New York. All hard right deniers! LOL
Buy a houseboat...survive at any water level.
Next question...
These people are mentally ill.
2100?
I thought we are all dead in 11 years?
Can we get a single story from them?
I am here looking out at 1 quadrillion gallons of potable water. I don’t see the land on the other side. But I do see a beautiful expanse of varying blues reaching up to the lighter shades of sky blues. Occasionally I see pelicans, bald eagles and boats. I figure I have 20 to 30 years left. So how does climate change affect my decision making? Not at all. I think the world is warming. So my great great great grand children may not be able to go to New Orleans. But 12,000 years ago people could walk from Wales to Sweden. But with the oceans rising 20 centimeters per hundred years, why would I care.
Well we know how hard it is to unload waterfront property.
Hilarious!
The Obama’s are apparently not concerned about Gorebull Warming flooding their new home in Marthas Vineyard.
The Obama’s purchased waterfront in Martha’s Vineyard, Massachusetts.
Man. I looked at that headline and figured it had to be the Babylon Bee.
There is no bottom to the depth of my hatred of the Obamas.
‘Eff up the country and get filthy rich along the way.
Wonder Boy Newsom should Publicly Declare all Property within 1 Mile of the California Un-Inhabitable and force the residents off the Property to save them from Climate Change.
‘Eff up the country and get filthy rich along the way.
“...within 1 Mile of the California...”
Does that term have a meaning?
This is how we know that environmentalism is a cover for fascism.
Can democracy survive climate change?
To face the invisible enemy, experts say there might be a need for “sweeping powers.”
https://www.inverse.com/article/60870-how-will-climate-change-shape-politics
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