Let's say for the sake of argument that all of the water levels around the world rise by, let's say, five feet over the next 100 years. Say 10 feet over the next 100 years. And it puts all of the low-lying areas on the coast underwater. Let's say all of that happens. You think people aren't just going to sell their homes and move?
I don't want housing to be an investment. But I also own a house that will inevitably be treated like one because that's the currently supported cultural standard.
I don't think ordinary folks should lose their shirts off their backs if they lose their homes. Sure, I have zero sympathy for the investors who are manipulating markets, but the every day worker? Nah.
Reminds me of a Ben Shapiro quote:
Let's say for the sake of argument that all of the water levels around the world rise by, let's say, five feet over the next 100 years. Say 10 feet over the next 100 years. And it puts all of the low-lying areas on the coast underwater. Let's say all of that happens. You think people aren't just going to sell their homes and move?