(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?