Manhattan and Maldives Property Value Keeps Going Up

Breitbart makes fun of the idea that loans and insurance could ever be had if these Islands are soon to underwater… unless these banks and insurance companies know that “Climate Change” is more political than science

Great news from the scuba-diving tropical paradise Maldives. They’ve just opened another airport.

This means that the Indian Ocean island nation now has four international airports and seven domestic ones. Quite a lot for a country with a population of less than 400,000. Presumably they have high hopes for their tourist industry as they develop luxury resorts on ever more remote atolls.

[….]

Here’s the World Bank: “Climate change presents a challenge for every island in the Maldives, which all lie on the sea level. Any changes in the climate will greatly affect the Maldivian way of life.”

Here’s the UN Foundation: “Climate change is a serious threat to low lying islands like Maldives whose landmass is close to sea level. The projected rise in sea level over the next century due to climate change is commonly agreed to be about one meter.  The highest point on this island nation is one meter.  Learn more about the existential threat of climate change on this island and learn more about how the country is pressing for global action on climate change.”

And let us never forget the tragically moving, yet cheery-in-the-face-of-disaster underwater cabinet meeting staged by the Maldives government in 2009 to draw international attention to the terrible and imminent threat these poor islands face.

Luckily I have thought up a brilliant solution to this problem. Maybe the lucky Maldives (the thriving tourist paradise) could help the unlucky Maldives (the one about to be drowned by global warming) with money and material aid. Perhaps it could use its vast tourist revenues to mitigate against any problems caused by this terrible “climate change” thing. Perhaps it could use its 11 airports to help evacuate the other Maldives’ climate refugees.

(Gateway Pundit): Seven years ago ABC News warned viewers that New York City will be under water by 2015 due to global warming.

New York City underwater? Gas over $9 a gallon? A carton of milk costs almost $13? Welcome to June 12, 2015. Or at least that was the wildly-inaccurate version of 2015 predicted by ABC News exactly seven years ago. Appearing on Good Morning America in 2008, Bob Woodruff hyped Earth 2100, a special that pushed apocalyptic predictions of the then-futuristic 2015. The segment included supposedly prophetic videos, such as a teenager declaring, “It’s June 8th, 2015.”

“One carton of milk is $12.99.” (On the actual June 8, 2015, a gallon of milk cost, on average, $3.39.) Another clip featured this prediction for the current year: “Gas reached over $9 a gallon.”

The only way food would be soo high is if Obama’s war on affordable energy works it’s course! How come Manhattan property is through the roof!

(Breitbart) In 2006, on NBC’s Today Show, former-Vice President Al Gore predicted that Manhattan would be flooded in “15 to 20 years.” He added, “In fact the World Trade Center Memorial site would be underwater.” Just 3 years ago, the New York State Energy Research and Development Authority predicted that within the next ten years, “Irene-like storms of the future would put a third of New York City streets under water and flood many of the tunnels leading into Manhattan in under an hour because of climate change[.]”

By hook or crook, through super storms or glacier melt, Global Cooling Global Warming Climate Change has doomed the Big Apple.

What we have here are two of the most respected environmental voices among the political Left — Gore and the government — warning of dire flooding hitting Manhattan within the next 10 years. And at least according to their activism, the predominantly left-wing, Global Warming believers of Manhattan are listening. Furious about the lack of wealth-distribution that will save the planet and their small island, just 6 months ago, more than 300,000 took to the streets of Manhattan to protest.

And yet, a funny thing is happening in the real world of the free market. Manhattan might be the elite media/entertainment/intellectual hub of the cult of Global Warming, but where the rubber meets the bottom line, the cult obviously doesn’t really believe in its own propaganda. If they did, Manhattan real estate prices would be collapsing, not hitting record highs as they currently are.

If people truly believe an area is going to be flooded as soon as in the next decade, those same people would be selling off their real estate. Not just to escape but to sell before conditions worsened and real estate prices bottomed out further. As the deadline loomed closer, prices would decrease further.

What’s happening, though, is the exact opposite.

The average Manhattan home price is now over $1.7 million. With some apartment prices now breaking nine figures, it’s time to take a look at the booming New York real estate market and explore where middle class families fit into the picture.

At 157 West 57th Street, the most expensive New York home sale was just completed with the penthouse of this new building going for over $100 million.

Howard Lorber, the chairman of Douglas Elliman, the city’s largest residential brokerage, told me that there is no sign of this trend slowing down. He called New York a safe place for people around the world to invest in real estate.

Maybe what’s happening is that Manhattan’s left-wing Global Warming believers are suckering right-wing Climate Deniers into buying doomed real estate at record prices?

…there’s more…

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