Extinction Rebellion are threatening to shut down Heathrow Airport with drones
Join Date: Dec 2001
Location: England
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Will rising sea levels be a problem in the developed world sooner than we expect...
It's well known some mortgage companies won't lend on leasehold properties that have less than 60-70 years on their lease remaining. Could your seaside or riverside property be flooded in 60-70 years? How long before mortgage companies wake up to the fact that many freehold houses are really leasehold with Poseidon owning the lease? They could suddenly decide not to lend on such properties overnight. You might not have 60-70 years before the value is impacted.
It's well known some mortgage companies won't lend on leasehold properties that have less than 60-70 years on their lease remaining. Could your seaside or riverside property be flooded in 60-70 years? How long before mortgage companies wake up to the fact that many freehold houses are really leasehold with Poseidon owning the lease? They could suddenly decide not to lend on such properties overnight. You might not have 60-70 years before the value is impacted.
Join Date: Mar 2015
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Is "cwatters" an ironic handle?
In any case, maybe it's better that we get over the warming hump now, while we have plentiful fossil fuels, a relatively small population (only 7 billion) and a fairly healthy world economy, and reasonably peaceful (the odd skirmish here or there notwithstanding).
If we had to do this say 200 years from now and the human race is not in such good shape, we might not survive (as a species).
"Bring it on!", I say.
In any case, maybe it's better that we get over the warming hump now, while we have plentiful fossil fuels, a relatively small population (only 7 billion) and a fairly healthy world economy, and reasonably peaceful (the odd skirmish here or there notwithstanding).
If we had to do this say 200 years from now and the human race is not in such good shape, we might not survive (as a species).
"Bring it on!", I say.
Probably been said already, but how did the drones they propose using get into this country? Were they carried here by hand or was fossil fuel involved?
Ditto the smart phones they will presumably use for coordination.
Ditto the smart phones they will presumably use for coordination.
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Lenders will normally require leases to extend for at least 40 years beyond the end of the mortgage, as a minimum, because the value of the property will become lower as the remaining period of a lease gets shorter.
This issue occurred to me after I had to help someone extend a 70 years lease. The extension cost about £16,000. Negotiating with Poseidon would be a lot harder.
