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Scientists Are Freaking Out About Ocean Temperatures: “It’s like an omen of the future.”
(www.nytimes.com)
this post was submitted on 27 Feb 2024
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It only affects rich people who own coastal properties.
These same people also tend to be rich enough to own other properties, so it's not that big of a deal.
It was a "big deal" a couple decades ago because these people had to realize they need to invest somewhere other than the coast before it's too late.
Right now it's too late because everyone knows coastal properties' days are numbered.
The thing is though... bad things happening to rich people's money usually means worse things for poor people.
It's really naive to think that a bunch of expensive property becoming worthless is not a big deal because it only affects poor people.
Suggesting that rich people are the only ones who own low lying property is a flawed premise also. What about low-lying island nations? What about low lying inland areas? There's plenty of communities in Australia that aren't necessarily close to the coast but would have an altitude of less than 1 metre.
My point is that nobody really cares these days because the ruling class has already divested.