Is Climate Change Finally About To Pop The Property Value Bubble?

A special edition of TPM’s Morning Memo, where I test your willingness to put up with me writing about the glittering world of property insurance – but it’s really about climate change, if that helps. Sign up for the email version.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1468491
3 Likes

Bufatutu was here frist! He ain’t no cat. As one of my most beloved exs often said: “Men are dogs” or badgers.

But he adores those nice young men like Mr. Trump, Mr. Epshtyn, Mr. Navarro, and the best of all, Mr. Giuliani. The kind of folks we need to run this country properly. This is why I’m encouraging every TPMer to vote R, early and often. So that we may again have distinguished patriotic Americans like these noble men in our lives every day. Oh the joy!

PS: I’m only here frist–again!!!–because I’m in Newfoundland, where the clock is 1 1/2 hours ahead of Eastern Time Zone.

PPS: I’d post a picture of a seal or something, if I knew how to post pictures here. Tell me how please.

40 Likes

In the shadowy world of political intrigue and hidden agendas, where conspiracy theories thrive and secrets are whispered in the darkest corners, a new tale has emerged “Big Mayonnaise”, also known as the Association of Dressings & Sauces, have entered into a clandestine alliance with the Bidens, all in the name of protecting the Biden crime family from the jaws of justice.

“Bidengate,” as it has come to be known transcends all others, reaching depths hitherto unseen in American politics. The Bidens are engaged in a treasonous plot against the United States, orchestrated and safeguarded by the elusive Big Mayonnaise, the unseen hand behind the scenes, who is secreting all of the evidence of these heinous crimes that which Republicans point out to the lamestream media that they cannot actually see.

To comprehend the magnitude of this conspiracy, we must delve into the darkest recesses of imagination and suspend our disbelief. Some claim that it surpasses even the notorious exploits of the Clintons, who trafficked minors into parallel dimensions to extract a substance known as Adrenochrome, granting them otherworldly powers. The Bidens, it is said, have harnessed the same technology used by the Clinton, born in the Pine Barrens of New Jersey, a place known as Ong’s Hat, by none other than Princeton University Scientists and our interdimensional shape-shifting lizard overlords.

This technology is the linchpin of the Biden crime family’s grand cover-up. Their mastery of deception, longevity, and creativity has allowed them to deny facts, deflect with distractions, and even attempt to destroy anyone daring to question their actions. Central to their alleged misconduct is Joe Biden’s decade-long influence-peddling scheme, exploiting his position as Vice President for his family’s financial gain. Connections with foreign entities in Ukraine, China, and other nations are rumored to have thrived on quid pro quo arrangements, with Burisma being at the heart of the scandal.

The infamous “Laptop from Hell” is said to hold the key to unlocking the truth about these sinister dealings. Obtained from another dimension, it supposedly contains damning evidence that could expose the Bidens and their web of corruption, potentially saving America and the world from total subjugation.

Intriguingly, despite the mounting evidence, there has been no prosecution or legal action taken against the Bidens. They vehemently argue that the mainstream media and Congress have failed to properly investigate or present the evidence, fueling suspicions that powerful forces are pulling strings behind the scenes.

Now, as whispers of an impeachment inquiry echo through the corridors of power, there is hope that the truth will finally surface. Will this inquiry unveil the extent of the Bidens’ wrongdoing, or will it remain yet another chapter in the ongoing saga of “Bidengate,” a conspiracy that has left us all questioning the influence of Big Mayonnaise and the Association of Dressings & Sauces in the highest echelons of American politics? Only time will tell.

40 Likes

A Proper Reaction :joy:

Have I mentioned yet today that I love my senator?

80 Likes

You’re spreading it on pretty thick, there.

54 Likes

Kitty for your thought(s)

51 Likes

91 Likes

“Republicans floated Tuesday that would have the Legislature approve new maps drawn by nonpartisan staff, preempting the state Supreme Court from tossing the current GOP-drawn boundaries”

Current GQP plans…if you can no longer win an election, change the rules. The 2011 maps were drawn up by a Chicago law firm. Republicans who looked at the maps had to sign confidentiality agreements to not discuss what they had seen.

Now they are calling for “bipartisanship”. No way.

In depth series on this issue from WI public radio:

Mapped out

41 Likes

Quick draw McGraw!

34 Likes

Does that Cracker Barrel Sheriff have an official Herschel Walker police badge?

37 Likes

We have a property value bubble right now, especially along the coasts, and insurers tightening up will be the kind of thing that takes the air out the bubble.

Given that the bubble may not be driven by actual market forces but by increasing portions of the housing market being purchased by hedge funds and other financial operators I’m not so sure. Won’t it have the effect of moving the bubble? Certainly low lying areas will be impacted, and wild fires in drought areas will also probably see a pull back, but I think insurers and speculators will look to areas that have lower threats and those areas will have massive bubbles suddenly.

Additionally can we really reduce the populations in those areas? Or will we create what are essentially climate change ghettos. Houses that can’t be insured and are at risk but are the only housing some people can afford. I agree it’s probably the first sign that business actually knows that climate change is real, but I don’t see it actually changing behavior, just shifting it around.

44 Likes

Asshole of the year
Watch: Billionaire CEO says unemployment ‘has to jump’ to put ‘arrogant’ workers in their place - Raw Story

The Australian Financial Review reports that Tim Gurner, the founder and CEO of the Gurner Group, expressed dismay at the current state of his country’s labor force.

“People decided that they didn’t really want to work so much anymore through COVID and that has had a massive issue on productivity,” he said. “They have been paid a lot to not do too much in the last few years, and we need to see that change.”

Gurner then outlined just what such changes would entail.

“We need to see unemployment rise,” he argued. “Unemployment has to jump 40 to 50 percent, in my view. We need to see some pain in the economy. We need to remind people that they work for the employer, not the other way around… There’s been a systemic change where the employees feel that the employer is extremely lucky to have them, as opposed to the other way around.”

Gurner then predicted that enacting massive layoffs would lead to “less arrogance in the employment market.”

55 Likes

On the other side of climate change, it’s not the humidity, it’s the heat! Insurance notwithstanding, many areas of the US will simply become too unhealthy and heat-stressed to be livable.

Since 1 May, 96% of the US population has experienced at least one extreme weather alert, according to the Union of Concerned Scientists. It is more likely than not that the next summer will be even hotter.

“Heat is just part of our daily life now and everywhere needs to be prepared for this chronic stressor,” Pershing said.

35 Likes

‘Chaos vibes’: Alexandria Ocasio-Cortez mocks GOP after Gaetz threatens McCarthy - Alternet.org




Alexandria Ocasio-Cortez


@AOC

·

Follow

So let me get this straight: Republicans are threatening to remove their own Speaker, impeach the President, and shut down the government on September 30th - disrupting everyday people’s paychecks and general public operations. For what? I don’t think even they know. Chaos vibes

McCarty is a pussy and they all know it
Gaetz: Mr. Speaker, you are out of compliance with the agreement that allowed you to assume this role. The path forward for the House of Representatives is to either bring you into immediate total compliance or remove you,

55 Likes

If only it were as easy to produce less arrogance in the idle class.

43 Likes

Barney Fife.

20 Likes

I’m kinda surprised Bobo didn’t make Morning Memo after getting kicked out of a performance of Beetlejuice in Denver on Sunday.

You can take the trash out of the trailer, but you still need to leave her by the curb on garbage day. I’m surprised that she didn’t bring a gun to the theater, not that it would have fit in that purse.

The biggest mystery is who her date is. It’s not her husband (who she’s divorcing) or the nutjob preacher she’s been linked with recently.

58 Likes

McCarthy Catches His Impeachment White Whale

So who is the Ishmael in this version?

20 Likes

What kind of a gun shop lets customers bring in a loaded weapon???

11 Likes

I loathe these people and their two-faced actions and their bad faith speech and most of all that they do it because they believe God gives them the right.

Burn in hell. Shortly after the rest of us, no doubt.

12 Likes