My take on the study from MIT that predicts “societal collapse”

Re:My take on the study from MIT that predicts “societal col... by XorNot on Thursday July 15, 2021 @10:42PM (#27852548)

It's not the house price: it's your house is destroyed and the land is no longer viable. What do you do?

Same problem with coastal real estate: your house is now uninsurable against flood, and then gets flooded and is destroyed - what do you do?

Take a recent disaster: say as a resident you believe the Miami condo you lived in was structurally unsound, but the management does not: what do you do?

"Adapt" means quite different things at different scales, and you currently live in the "oh, yeah its a big more expensive" part of that. But no middle class person can afford to straight lose the value of their house if they own it.

In all these cases you're alive, you probably have running water, food and power. But you're poorer - by a lot, and your quality of life is reduced. You "adapted".

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Re:My take on the study from MIT that predicts “societal col... by marcosdumay on Friday July 16, 2021 @11:49AM (#27857549)

> It's not the house price: it's your house is destroyed and the land is no longer viable. What do you do?

Move. Our difficulty to move is a new phenomenon and isn't created by any of the variables on those simulations.

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Re:My take on the study from MIT that predicts “societal col... by XorNot on Saturday July 17, 2021 @10:05AM (#27865836)

With what capital?

Essentially no one can afford to lose the value of their house. That's the point: you're going to take a 100% loss on the value of the land and building.

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