Jack Aubrey
Very inexperienced trader
- Joined
- 13 August 2019
- Posts
- 133
- Reactions
- 271
As an interesting (possibly) aside, I did a desktop study a few years ago on what impact a 1 metre sea level rise would have on the area of the southern NSW coast around Tuross Lake (I was interested in buying into the area). It is not (yet) an area where there are many multi-storey buildings at all. While only a handful of properties would suffer permanent inundation, many more would have been critically affected by storm surge. The big issue however was infrastructure. Access roads would be cut at several points, leaving the whole settlement as a "stranded asset". I doubt the area would generate enough in rates and taxes to cover the cost of substantial new roads and bridges - which would be true of many areas directly affected by even a modest sea-level rise.Rising sea levels and 20 story beach side apartments. A match made in purgatory and then hell.
The collapse of the Champlain Towers condo in Florida a few weeks ago has focused attention on the immediate reality of rising sea levels. The move is on and once fashionable condos are being deserted and the new investment focus is surprise, surprise, buying up inland properties that are currently poor, cheap and have 10 feet more elevation than coast side condos.
I'm not sure how orderly this movement will be and how the old condos will actually be sold or insurable in a few years
Excellent in depth story.
Why Miami’s prime beachfront real estate may soon be left to the city’s poorest residents
As sea level rise creeps higher in Miami, prime beach real estate is losing its cachet, pushing developers to snap up properties further inland. For residents in those historically marginalised communities, displacement is imminent.www.abc.net.au
As an interesting (possibly) aside, I did a desktop study a few years ago on what impact a 1 metre sea level rise would have on the area of the southern NSW coast around Tuross Lake (I was interested in buying into the area). It is not (yet) an area where there are many multi-storey buildings at all. While only a handful of properties would suffer permanent inundation, many more would have been critically affected by storm surge. The big issue however was infrastructure. Access roads would be cut at several points, leaving the whole settlement as a "stranded asset". I doubt the area would generate enough in rates and taxes to cover the cost of substantial new roads and bridges - which would be true of many areas directly affected by even a modest sea-level rise.
A similar exercise is possible with maps already supplied by the planners for Brisbane using the past few major levels as a guide. Many street in many low-lying suburbs would be toast (soggy toast, anyway).
Talking about Insurance.
Just received my house insurance renewal today. No changes in property since 2019, These are the premiums (rounded)
So what do we think will happen when this years floods on the East Coast and bushfires in Perth are calculated ?
2019 $601
2020 $738
2021 $895
2022 $1076
And let's we clear about what is driving these increases.
Climate scientists warn global heating means Australia facing more catastrophic storms and floods
Intergovernmental Panel on Climate Change says climate effects expected to be more severe than initially predictedwww.theguardian.com
Ben Eade, CEO, Manufacturing Australia“Powering just four key manufacturing sectors – steel, cement, ammonia and alumina – with clean electricity and hydrogen will require Australia to more than double its total electricity generation”
good lets get on with it....Ben Eade, CEO, Manufacturing Australia
Now the "Climate Action ... NOW" crowd have made their electoral play and, amid the empty rhetoric and polarising nonsense, look like they will influence policy in the incoming Albanese government, it's time to see how we can help the wooden-headed and woke.Have read the thread, because its an important one but, like many open fora, the narrative, with input, assertion and response, can drift a bit; it's time to get back to basics..... Investment Implications of Climate Change: (and this is a Stock Forum, Aussie focused),
These were ideas that I put into investments and have banked 6-figure benefits (realised and unrealised). With a new government, I will be looking at policy tilts to see if my self-funded future can assist/ be assisted in reaching new aspirational targets. Hope the new crowd don't turn out to be watermelons.I am sure there are many ... listed stocks in the space... these are just ideas.
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