Originally Posted by Ian W
(Post 10492343)
You will note first that things have been a LOT warmer in the past and that there is a homeostasis mechanism that seems to stop any overheating.
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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. |
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. |
Originally Posted by a_q
(Post 10492941)
In any case, maybe it's better that we get over the warming hump now
What leads you to believe that global warming will follow that profile in any realistic timeframe ? |
Originally Posted by cwatters
(Post 10492811)
They could suddenly decide not to lend on such properties overnight.
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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. |
Originally Posted by pilotmike
(Post 10493070)
And there I was thinking that most mortgages were longer term, 10 - 30 or so years!:ok:
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. |
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