At first, I was like, “Who cares? Land property ownership as an investment vehicle is part of the problem in the US,” but then I realized that this article isn’t for people like me. This is an article meant to reach the Gen Xers, the Boomers, and others who think they don’t have to care, because their property will keep them wealthy enough to avoid the worst Climate Change has to offer.
And if threatening people’s wallets is what it takes to get people to see the inescapable danger in doing nothing, then I’m all for it.
It absolutely does directly affect renters, maybe they could have explained why, but it’s relatively obvious: Renters need to pay for owners mortgage interest, insurance and property taxes for owner to be in landlord business. His profits are the expected annual positive home appreciation.
At first, I was like, “Who cares? Land property ownership as an investment vehicle is part of the problem in the US,” but then I realized that this article isn’t for people like me. This is an article meant to reach the Gen Xers, the Boomers, and others who think they don’t have to care, because their property will keep them wealthy enough to avoid the worst Climate Change has to offer.
And if threatening people’s wallets is what it takes to get people to see the inescapable danger in doing nothing, then I’m all for it.
This will affect renters too if you were implying otherwise. It’s just NYT doesn’t cater to those people so they’re barely mentioned.
It absolutely does directly affect renters, maybe they could have explained why, but it’s relatively obvious: Renters need to pay for owners mortgage interest, insurance and property taxes for owner to be in landlord business. His profits are the expected annual positive home appreciation.