You can take a bath in a house. You can take a bath on a house.
In Roman times, bathing was a public activity, conducted in special facilities in the city.
While there are still some public and shared facilities, most homes include private baths. However, in some areas, the home itself can become a bath. Financially, that is.
There are two side to the issue of rising sea level. There are deniers who are paying premium prices for ocean front property, and there are believers who are selling that same property often at a discount. As researchers at the University of British Columbia point out:
- The can’t both be right. One is taking a major financial hit, or will do so in the future.
- Most of the deniers are residents of the USA. The rest of the world is on board with the notion that the environment is changing. (1)
I’m not a fan of the term, “climate change”. The argument seems to be about whether current weather changes are temporary or permanent. Both sides of the argument deny history. What we know in geological terms is that weather patterns on earth can change. It doesn’t matter how long he change is. Change can be deadly. Ask the dinosaurs.
Are humans adding meaningfully to that change? We don’t know for sure, but cutting back on what we are doing can’t hurt. After all, dead is dead.
The real argument about climate change is whether people are willing to commit money to do something about it. About that, there appear to be three schools of thought:
- The planet is screwed. I’ll be dead in a few years. What happens after I die doesn’t matter.
- We have an obligation to our children and grandchildren to pass along the best world that we can.
- We don’t have to do anything. Some deity or other will take care of us.
To me, both the 1st and 3rd positions are repulsive. The first position criminalizes having children. The third position is hypocritical: if you are a believer, you have neither the right nor the ability to tell that deity what to do.
- Markus Baldauf, Lorenzo Garlappi, Constantine Yannelis. Does Climate Change Affect Real Estate Prices? Only If You Believe in it. SSRN Electronic Journal, 2018; DOI: 10.2139/ssrn.3240200
- University of British Columbia – Sauder School of Business. “Does climate change affect real estate prices? Only if you believe in it.” ScienceDaily. ScienceDaily, 5 November 2019. <www.sciencedaily.com/releases/2019/11/191105140923.htm>