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Short New York Real Estate Because of Global Warming?
http://wmbriggs.com/blog/?p=2181 ^ | William M. Briggs

Posted on 04/06/2010 6:50:34 AM PDT by mattstat

Stevey Cohen, head of the Earth Institute at Columbia University, wants you to short New York City real estate.

He doesn’t actually say that—Stevey isn’t a broker and his statements are not a solicitation to buy or to sell etc., etc.—but he does claim that the city will soon be under water, be “battered” by hurricanes, suffer “bouts” of heat stroke, and will generally suffer under the awful burden of global warming.

Thus, the clear implication of his recent New York Daily News op-ed is that if you don’t sell now, you’ll be under water: both literally and figuratively.

Stevey doesn’t use the words “global warming” to describe our predicament. Hardly anybody does anymore, and for the obvious reason. Since it is true that the Earth’s climate has never stayed still, that it has always been in flux, it will always be true that we poor humans will suffer climate change.

To raise the alarm of “Climate change!” is, and will always be, a perfectly truthful activity. No matter what happens—and something always happens—your prediction of “change” will always be accurate. It is an enviable position to be in. However, there is a hidden danger, which I discuss below.

The switch to “climate change” from “global warming” shows the immense, overwhelming importance of words in this debate. Use “global warming” and if the temperature doesn’t go up—if, that is, it has the temerity to go down—and you could end up looking like a fool, like poor Phil “I’ve Contemplated Suicide” Jones. But use “climate change”, then let the temperature do whatever it may: for each prediction, you come out smelling like New York City tap water, the best in the world.

But not for much longer. Because...

(Excerpt) Read more at wmbriggs.com ...


TOPICS: Politics; Science
KEYWORDS: afoolandhismoney; globalwarming

1 posted on 04/06/2010 6:50:34 AM PDT by mattstat
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To: mattstat

I’d short it because the liberals are driving it into the ground, not because of global warming.


2 posted on 04/06/2010 6:54:41 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: mattstat

LOL!!!

...

Back to shorting real estate. Stevey Cohen says that sea-level rise and floods are on the way, particularly along the parkways that lead into the city. A house that has a river running through it is everywhere less valuable than a dry one.

Therefore, those who believe Stevey’s predictions should be willing to bet on it. I am willing to take their Manhattan real estate off their hands at a discount that reflects the direness of global warming predictions. Say that Battery Park will be dunked by rising seas, then apartments down there should be worthless.

I’ll pay that price, and even kick in all associated taxes and transfer fees to anybody who actually believes Cohen’s predictions.

Any takers?

...

LOL!!!


3 posted on 04/06/2010 6:55:51 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: driftdiver

Yup. Short NYC as a whole because it has once again become a crime ridden cesspool (see the story about the Easter gang “initiation” day) and a tax/business nightmare, all thanks to the libs. This includes Bloomberg.


4 posted on 04/06/2010 7:26:45 AM PDT by piytar (Ammo is hard to find! Bought some lately? Please share where at www.ammo-finder.com)
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To: nmh

“I’ll pay that price, and even kick in all associated taxes and transfer fees to anybody who actually believes Cohen’s predictions.

Any takers?”

I’ve been trying this with land in the Florida Keys for almost 10 years now. Nobody, and I mean NOBODY, is willing to sell their land on the cheap knowing full well that Algore claims otherwise by, what was it, 2015!!!


5 posted on 04/06/2010 7:52:58 AM PDT by edh (I need a better tagline)
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To: mattstat

I wonder why Stevey Cohen of the Earth Institute at Columbia University and James Hansen (of GISS which is tied to Columbia University) has an office which is just a block away from the Hudson River and sea level.

I think Stevey Cohen should be talking to the Columbia University about moving the University campus instead of trying to depress real estate prices.


6 posted on 04/06/2010 7:55:15 AM PDT by JustDoItAlways
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To: mattstat; Amagi; Beowulf; Tunehead54; Clive; Fractal Trader; tubebender; marvlus; ...
 


Beam me to Planet Gore !

7 posted on 04/06/2010 11:41:19 AM PDT by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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