Coastal areas used to be limited to fishermen and shipping, with a smattering of vacation cottages of little value. Now people are building high-end homes right behind the dunes. Great video.
A Florida house rising to $500,000 might take $5000 to insure, but the person probably has $200,000 of passive profit to smile at. Yes their day job might only be $80000 a year, but at 5% their $500,000 house will rise $25,000 a year so swamp the $5000 annual insurance expense. Until real estate starts going down, owning real estate is still a good path. Its weird how people dont use reverse mortgages to live well and just laugh at costly insurance, they all are frugal and live miserly and just put off cashing in till they are in a wheelchair, what silly humans!!
The alarmists never learned the lesson from "The Boy Who Cried Wolf"... Everyone gets so tired of listening to the doom and gloom or the denials that when stuff really happens, it goes unnoticed. As you stated, we need to have adult conversations about it, but mostly can't due to the folks that have to turn it into something it's not.
It's so much more insidious, now the dust has settled it appears the police response to xr, jso and insulate Britain was advised by a group funded by oil companies. Allowing the craziest cause havoc amongst the public rather than removing them from the motorways.
Dammed if you do, dammed if you don't. No one believes analysis except the analyst. Everyone believes the test except the tester. Try not to outrun a bear; outrun the other guy instead ;-)
I have lived a long life in Florida and I appreciate your talking about us. Weather is not my first choice to demonstrate climate change. I live twenty miles inland from the Gulf Coast and experienced all three of the resent hurricanes. Being inland is a big plus. As for those who want to live in coastal areas, there are risks. The fact is that coastal development has been mostly by new out of state people. Frankly developers have pushed it. All of this home damage hinges on the building and it's location. An off the ground well constructed building can withstand most bad weather, provided your island is not washed away. Lots of people living in flimsy houses on vulnerable locations is the issue. Climate change just makes it worse.
In Florida new construction built to new post1990 wind code is not at danger anymore from hurricane, it's the 50% of housing from before 1990. So new construction is fine to build even on the coast. At worst the power in new highrise in Miami Beach may be out a week and inhabitants will complain a lot, almost none in a high rise there will die.
Great podcast Mallen. You could say the same about wildfires. You dan't blame climate change for the costs getting worse unless you take into account that houses are built in dangerous areas (California) or dangerous woodland management/carbon farming (California, Australia and soon Canada and the EU).
Thank you for pointing at the data and the need to attribute economic damage more specifically to events. If the +10% of precipitation you mention causes dams to burst all the damage should be attributed to climate change. Here in Central Europe we already have +15% of precipitation which is extending historic risk zones. If century old castles, churches, villages etc face unprecedented destruction all that damage can be attributed too. We see new danger arise from minor geographic features, like field slopes, which are too small to build protective systems but cause havoc in recent rain events, like recently in Bavaria, Austria, Czech and Poland. Actually the protective systems become a hazard itself if facing precipitation "from the wrong side" and filling the settlement up like bath-tubs like in Englands 2023 floods. Same is true for hail - if the ice balls get a few percent bigger they start demolishing roofs which are no longer fit for purpose like in North of Italy early in 2024. What was once a manageable regular weather event is now morphed into a destructive one. Driving up insurance cost. I've read an article that not only the big events are driving up insurance cost so much but that everyday weather becomes so much more damaging for an infrastructure which is not designed for these 10%, 15%, 20%, ... more we are facing today. (risk.lexisnexis.com/insights-resources/research/lexisnexis-risk-solutions-home-trends-report , www.munichre.com/en/risks/natural-disasters.html , etc.)
Human shoots foot off. More news next week. Same headline. Yep, we keep doing that. Malthus had a point. The recent Helene (USA) and Valencia (Spain) extremal flooding events have made headlines that relatively speaking are 'exaggerated' compared to the equivalent that would have happened say in 1980 (no internet, mobile phones, digital video, etc.).
Here in Houston how risky is hurricane is constant argument. The truth is only in the 1 mile coastal flood area will a house face say 20% risk of collapse, or people drowning in it. This is the 1 mile the city ORDERS EVAC. The other 99% of state is safe, buildings after 2000 are wind proof. These 99% of areas do face like 1 month without power, and maybe 10% might suffer this, and the officials try to panic these people into evac to avoid the month of complaints from them. To be fair sweating without power in August would seem like Hell to Americans, so we are so spoiled we evac for mere comfort not safety. Hurricanes overall are NOT that deadly in any decade in FL, like 1 in 100,000 risk to Tampa metro even if none evac, so each decade Tampa metro of 3 million loses 300 dead to hurricane maybe, but traffic accident kills 10000, showing due to good construction even hurricanes are NOT that deadly. I hope that makes sense. Fear and risk to comfort drive things, not actual risk to life from hurricanes.
Well, this topic is harsh. What is this study claiming increased rain fall due to climate change. For 10 years, these same types of people claimed the extreme drought in the western United States was caused by climate change. Not a peep when in 18 months the great salt lake had risen by 5 feet or a deeper pipe for las vegas at the hoover dam Would no longer be necessary. So climate change causes the problem, but what then fixes it. The weather changes All things bad are man made climate change. But what of the good. I suppose good weather is just climate change, not man made. But bad results are always because of man. I struggle with this concept and the people who create graphics to perpetrat it. I'm coming to the conclusion that this is hubris on steroids. And it's all about money. Soon depleted 1 thousand pound toxic batteries are going to be piling up like cordwood. And be the time they start leaching into the water table most of the people responsible will be dead. You want to spend money. Let's set up the monstrosity needed to deal environmentally With those. 500 billion would be a good start. Good video But it's frustrating for some of us. 🙋♂️🙋♂️🙋♂️🤔🤔🤔😜😜😜🐒🐒🐒😎😎😎
It sure feels like we are getting more 100 year events than in the past, suggesting that they are not really 100 year events anymore. Migration trends away from the rust belt and into the sun belt are intuitively an even bigger factor.
In Houston I can be outside drinking beer literally about 80% of the hours in a year. In Minnesota this is about 20%. Frankly life in Texas is about 2x better in laughs and less pain than in Minnesota. Blowing warm air and sun on face truly is nice, cutting this by much is sadness causing. Truly the idea that families use to life in the Midwest and Northeast will in the distant future be seen as insanity, when Florida and Texas exist to migrate to freely. In the future no one who's rich will live where ice and snow stay on ground more than 1 week. In ancient times the people from cold parts were always invading the warm parts.
When I moved to Texas what shocked me was at 6pm the temp not dropping much all night, unlike in North.... Life in tropics is so easy vs life in North .. In the future a FL or S TX house may develop to be 1 bedroom storm shelter and toilet room, and then 1 acre patio with patio furniture and electric fans and pool. Our houses need not look like 1800s.
@mostlyguesses8385 the only people truly happy are born where they live and know nothing different. Minnesota has a high alcohol consumption problem because of the long winters. Houston on the other hand is at sea level. The cockroachs are indestructible. No amount of poison will destroy them. And even if you think you have won you will just bring them home from the grocery store. Give me 4 seasons any day of the week. 🤔🤔🤔😜😜😜🍸🍸🍸🙋♂️🙋♂️🙋♂️🐒🐒🐒😎😎😎
@@mostlyguesses8385 lol, thank you for the laugh. I stay where I am. I like the 4 seasons. We already had a frost. I am mentaly ready for another winter.
Professor Roger Pielke makes some good graphs on this topic. He takes insurance data, and adjusts for GDP, and this shows that claims are reducing. He also has graphs of USA landfall hurricanes, which show no change over 120 years. R
He’s a ‘political science’ professor, and obviously doesn’t understand some basic conceots. Insurers are withdrawing cover, and people are not getting insurance because it’s getting too expensive- those reduce claims. Hurricane intensity is increasing, which is the relevant factor.
@@NapoleonGelignite There is absolutely no trend in hurricane frequency or intensity over the last 170 years. Insurance companies are in it for the dollar. If there is a chance they can make more by increasing premiums for whatever trumped up reason, they will. Withdrawal of cover proves nothing either for the reason given in the first sentence.
@ - oh dear. More assertions of your feelings. How does any business make more money by refusing customers? Maybe if insurers got rid of all their customers they could maximise their profit? 😂😂😂
#1. Global warming and bad weather is minor cost. US yearly suffers $250b from bad weather which is easily covered by $25,000b economy. Maybe $100b is from global warming, so $250b would be $150b if no warming... $100b is $300 per American negative. But ON THE POSITIVE SIDE having about 1/2 month more of non-winter weather is worth maybe $3000 so much more than $300 to me personally, and professionally I have more energy for my day job. 10X gain! $3000-300. I am $2700 richer in spirit and pocket. SO GLOBAL WARMING IS MAKING AMERICANS HAPPIER AND RICHER. #2. I pity the people by equator, but not Americans. The cost of 2 billion people by equator facing 1 more months of sweating while farming, is maybe not worth nicer weather for 1 billion away from equator? #3. House prices rise 50% a decade in dollars, so $100,000 becomes $150000 then $225000 then $400000. So even if assume 1% more of housing is damaged due to warming, so 1% becomes 2%, the other 98% have these massive profits. So, since price rises SWAMP ANY COSTS OF DAMAGES AND INSURANCE now is wonderful time to own real estate even in warm US parts! Do the math, real estate in warm Florida is still great investment, despite harms and insurance. #4. One has to ask, for northerners shouldn't we WANT MORE WARMING?????? As Minnesotan, the answer for me is easily yes, frosbite cheeks and hour a day so about 100 hours of misery, this is 100 hours a year of torture and burning and aches, and maybe 500 less hours than my Florida cousins outside a year. My mom broke her ankle on ice, clean break in half, and spent 6 months in bed and then 1000 hours of therapy and now her right leg is still half useless, so my lord is more warming wanted by her and all old people in north if it drops bad crippling bone breaks by 10% so 10 million becomes 9 million??.
As ever, great perspective. Thanks, Mallen.
Coastal areas used to be limited to fishermen and shipping, with a smattering of vacation cottages of little value. Now people are building high-end homes right behind the dunes. Great video.
A Florida house rising to $500,000 might take $5000 to insure, but the person probably has $200,000 of passive profit to smile at. Yes their day job might only be $80000 a year, but at 5% their $500,000 house will rise $25,000 a year so swamp the $5000 annual insurance expense. Until real estate starts going down, owning real estate is still a good path. Its weird how people dont use reverse mortgages to live well and just laugh at costly insurance, they all are frugal and live miserly and just put off cashing in till they are in a wheelchair, what silly humans!!
Great explanation. There are lies, dam lies, and statistics. My greeny friends are always crying; Sky is falling, inclement disaster !
My Oil friends are always say frack baby frack, nothing but making money to be had, youve never had it so good!
Destroying our culture with theories 😢
Also inflation. The same damage 10 years ago would be 50% more expensive now.
The alarmists never learned the lesson from "The Boy Who Cried Wolf"... Everyone gets so tired of listening to the doom and gloom or the denials that when stuff really happens, it goes unnoticed. As you stated, we need to have adult conversations about it, but mostly can't due to the folks that have to turn it into something it's not.
It's so much more insidious, now the dust has settled it appears the police response to xr, jso and insulate Britain was advised by a group funded by oil companies.
Allowing the craziest cause havoc amongst the public rather than removing them from the motorways.
Dammed if you do, dammed if you don't.
No one believes analysis except the analyst.
Everyone believes the test except the tester.
Try not to outrun a bear; outrun the other guy instead ;-)
I have lived a long life in Florida and I appreciate your talking about us. Weather is not my first choice to demonstrate climate change. I live twenty miles inland from the Gulf Coast and experienced all three of the resent hurricanes. Being inland is a big plus. As for those who want to live in coastal areas, there are risks. The fact is that coastal development has been mostly by new out of state people. Frankly developers have pushed it. All of this home damage hinges on the building and it's location. An off the ground well constructed building can withstand most bad weather, provided your island is not washed away. Lots of people living in flimsy houses on vulnerable locations is the issue. Climate change just makes it worse.
In Florida new construction built to new post1990 wind code is not at danger anymore from hurricane, it's the 50% of housing from before 1990. So new construction is fine to build even on the coast. At worst the power in new highrise in Miami Beach may be out a week and inhabitants will complain a lot, almost none in a high rise there will die.
@@alexwilliamrussell Building strong building is great, if your building is not flooded by storm surge.
Thank you.
Anyone with half a brain can see that all the graph shows is how much the cost of housing has gone up exponentially.
Great podcast Mallen. You could say the same about wildfires. You dan't blame climate change for the costs getting worse unless you take into account that houses are built in dangerous areas (California) or dangerous woodland management/carbon farming (California, Australia and soon Canada and the EU).
Thank you for pointing at the data and the need to attribute economic damage more specifically to events. If the +10% of precipitation you mention causes dams to burst all the damage should be attributed to climate change. Here in Central Europe we already have +15% of precipitation which is extending historic risk zones. If century old castles, churches, villages etc face unprecedented destruction all that damage can be attributed too. We see new danger arise from minor geographic features, like field slopes, which are too small to build protective systems but cause havoc in recent rain events, like recently in Bavaria, Austria, Czech and Poland. Actually the protective systems become a hazard itself if facing precipitation "from the wrong side" and filling the settlement up like bath-tubs like in Englands 2023 floods. Same is true for hail - if the ice balls get a few percent bigger they start demolishing roofs which are no longer fit for purpose like in North of Italy early in 2024. What was once a manageable regular weather event is now morphed into a destructive one. Driving up insurance cost. I've read an article that not only the big events are driving up insurance cost so much but that everyday weather becomes so much more damaging for an infrastructure which is not designed for these 10%, 15%, 20%, ... more we are facing today. (risk.lexisnexis.com/insights-resources/research/lexisnexis-risk-solutions-home-trends-report , www.munichre.com/en/risks/natural-disasters.html , etc.)
Human shoots foot off. More news next week. Same headline.
Yep, we keep doing that. Malthus had a point.
The recent Helene (USA) and Valencia (Spain) extremal flooding events have made headlines that relatively speaking are 'exaggerated' compared to the equivalent that would have happened say in 1980 (no internet, mobile phones, digital video, etc.).
Here in Houston how risky is hurricane is constant argument. The truth is only in the 1 mile coastal flood area will a house face say 20% risk of collapse, or people drowning in it. This is the 1 mile the city ORDERS EVAC. The other 99% of state is safe, buildings after 2000 are wind proof. These 99% of areas do face like 1 month without power, and maybe 10% might suffer this, and the officials try to panic these people into evac to avoid the month of complaints from them. To be fair sweating without power in August would seem like Hell to Americans, so we are so spoiled we evac for mere comfort not safety. Hurricanes overall are NOT that deadly in any decade in FL, like 1 in 100,000 risk to Tampa metro even if none evac, so each decade Tampa metro of 3 million loses 300 dead to hurricane maybe, but traffic accident kills 10000, showing due to good construction even hurricanes are NOT that deadly. I hope that makes sense. Fear and risk to comfort drive things, not actual risk to life from hurricanes.
Well, this topic is harsh.
What is this study claiming increased rain fall due to climate change.
For 10 years, these same types of people claimed the extreme drought in the western United States was caused by climate change.
Not a peep when in 18 months the great salt lake had risen by 5 feet or a deeper pipe for las vegas at the hoover dam
Would no longer be necessary.
So climate change causes the problem, but what then fixes it.
The weather changes
All things bad are man made climate change.
But what of the good.
I suppose good weather is just climate change, not man made.
But bad results are always because of man.
I struggle with this concept and the people who create graphics to perpetrat it.
I'm coming to the conclusion that this is hubris on steroids.
And it's all about money.
Soon depleted 1 thousand pound toxic batteries are going to be piling up like cordwood.
And be the time they start leaching into the water table most of the people responsible will be dead.
You want to spend money.
Let's set up the monstrosity needed to deal environmentally
With those.
500 billion would be a good start.
Good video
But it's frustrating for some of us.
🙋♂️🙋♂️🙋♂️🤔🤔🤔😜😜😜🐒🐒🐒😎😎😎
It sure feels like we are getting more 100 year events than in the past, suggesting that they are not really 100 year events anymore. Migration trends away from the rust belt and into the sun belt are intuitively an even bigger factor.
In Houston I can be outside drinking beer literally about 80% of the hours in a year. In Minnesota this is about 20%. Frankly life in Texas is about 2x better in laughs and less pain than in Minnesota. Blowing warm air and sun on face truly is nice, cutting this by much is sadness causing. Truly the idea that families use to life in the Midwest and Northeast will in the distant future be seen as insanity, when Florida and Texas exist to migrate to freely. In the future no one who's rich will live where ice and snow stay on ground more than 1 week. In ancient times the people from cold parts were always invading the warm parts.
I moved from GB to Spain and don't think I would be able to bear the lack of light in my native country now
When I moved to Texas what shocked me was at 6pm the temp not dropping much all night, unlike in North.... Life in tropics is so easy vs life in North .. In the future a FL or S TX house may develop to be 1 bedroom storm shelter and toilet room, and then 1 acre patio with patio furniture and electric fans and pool. Our houses need not look like 1800s.
@mostlyguesses8385 the only people truly happy are born where they live and know nothing different.
Minnesota has a high alcohol consumption problem because of the long winters.
Houston on the other hand is at sea level.
The cockroachs are indestructible.
No amount of poison will destroy them.
And even if you think you have won you will just bring them home from the grocery store.
Give me 4 seasons any day of the week.
🤔🤔🤔😜😜😜🍸🍸🍸🙋♂️🙋♂️🙋♂️🐒🐒🐒😎😎😎
@@mostlyguesses8385 lol, thank you for the laugh. I stay where I am. I like the 4 seasons. We already had a frost. I am mentaly ready for another winter.
Professor Roger Pielke makes some good graphs on this topic.
He takes insurance data, and adjusts for GDP, and this shows that claims are reducing.
He also has graphs of USA landfall hurricanes, which show no change over 120 years.
R
He’s a ‘political science’ professor, and obviously doesn’t understand some basic conceots. Insurers are withdrawing cover, and people are not getting insurance because it’s getting too expensive- those reduce claims. Hurricane intensity is increasing, which is the relevant factor.
@@NapoleonGelignite There is absolutely no trend in hurricane frequency or intensity over the last 170 years.
Insurance companies are in it for the dollar. If there is a chance they can make more by increasing premiums for whatever trumped up reason, they will. Withdrawal of cover proves nothing either for the reason given in the first sentence.
@ - oh dear. More assertions of your feelings. How does any business make more money by refusing customers? Maybe if insurers got rid of all their customers they could maximise their profit? 😂😂😂
#1. Global warming and bad weather is minor cost. US yearly suffers $250b from bad weather which is easily covered by $25,000b economy. Maybe $100b is from global warming, so $250b would be $150b if no warming... $100b is $300 per American negative. But ON THE POSITIVE SIDE having about 1/2 month more of non-winter weather is worth maybe $3000 so much more than $300 to me personally, and professionally I have more energy for my day job. 10X gain! $3000-300. I am $2700 richer in spirit and pocket. SO GLOBAL WARMING IS MAKING AMERICANS HAPPIER AND RICHER.
#2. I pity the people by equator, but not Americans. The cost of 2 billion people by equator facing 1 more months of sweating while farming, is maybe not worth nicer weather for 1 billion away from equator?
#3. House prices rise 50% a decade in dollars, so $100,000 becomes $150000 then $225000 then $400000. So even if assume 1% more of housing is damaged due to warming, so 1% becomes 2%, the other 98% have these massive profits. So, since price rises SWAMP ANY COSTS OF DAMAGES AND INSURANCE now is wonderful time to own real estate even in warm US parts! Do the math, real estate in warm Florida is still great investment, despite harms and insurance.
#4. One has to ask, for northerners shouldn't we WANT MORE WARMING?????? As Minnesotan, the answer for me is easily yes, frosbite cheeks and hour a day so about 100 hours of misery, this is 100 hours a year of torture and burning and aches, and maybe 500 less hours than my Florida cousins outside a year. My mom broke her ankle on ice, clean break in half, and spent 6 months in bed and then 1000 hours of therapy and now her right leg is still half useless, so my lord is more warming wanted by her and all old people in north if it drops bad crippling bone breaks by 10% so 10 million becomes 9 million??.