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by muzani
717 days ago
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The vast majority of my bet would be on climate change. People aren't acting on it fast enough to turn it. It's been modeled very well, so you know what will happen in 2050 if things don't change. It will cause an insane amount of damage, especially in archipelagos like where I live. You can't just add more drainage and try to drain the sea. New York and Singapore are raising their shorelines, but most places just don't have this kind of terraforming capacity. Property is the easy one, but it's useful to look at things like farms along affected areas. |
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Sure, Siberia will be open praire cattle country; cossacks and reindeer herders will be cowboys mustering steers.
Russia knows this also, hence the hiring of US cowboys to train russians and the recent prevalance of Russian Rodeos in both the US and in Russia.
This all goes to the question of long term investment, projected affected areas are being abandoned by deep investors who have turned to probable new prospects.
Farming real estate questions here in Western Australia have already turned to what land will be prime in 20 years and what used to wet boggy questionable land is already fetching a climbing price in anticipation of when it becomes "sweet".