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The price (and urgency) of climate change. Looking at the charms of other life styles.

One fire is as large as Manhattan. Another is as large as Rhode Island. Then there’s New Orleans with millions out of power and water.

This is no longer about global warming. This is about our life.

The conclusion for you and I are obvious: We shouldn’t own endangered real estate.

I don’t have to define endangered. It’s bleeding obvious.

The west is hot and burning up. I’m sad for Lake Tahoe, a place I love. I’m sad for New Orleans, a place I love. I’m sad for Oregon, a place I love. I’m sad for Idaho, a place I now love after our wonderful, rafting trip, despite the smoke.

I’m not owning property in those places. If I had property near the coast, near forests, near rivers, I’d be selling it asap.

Soon — I don’t know when — the value of endangered property will plummet. Then it will be too late. There won’t be any buyers – irrespective of the price. And you, the owner, will be SOL. (sh*t out of luck).

This not commercial real estate in cities whose prices have edged back after the misery of Covid-2020.

In that case, waiting has paid off. People are going back to their offices.

But the noutlook for endangered real estate is miserable to horrific. .

Sorry.

The alternatives

There are booming places. I eye our local breakfast/lunch restaurant, Main Street Goodness. It’s having its best summer ever. Sales are buoyed by New York folk who fled the City for the bucolic charms of Columbia County.

Construction here is booming. House prices are up. And while we get daily rain, flood and heat advisories, we’re surviving most handsomely. The water is draining into to our streams and rivers. Our ACs cope with the heat. So far, our local electric utility still provides juice.

There’s always Generac (GNRC), maker of generators. Everyone has their Generac (we do) or is getting one. Disaster time is a great time for Generac. Here’s the last two years of GNRC compared with the S&S500 and Nasdaq.

I’ve been “a city boy” for 77½ years. Now 18 months in the country, I find I don’t miss the city one iota. It’s noisy. It’s dirty. It’s irritating. It’s dangerous and all my friends and business acquaintances have fled. I can play tennis in the country cheaper and more easily. And – the best part – I have high-speed Internet. A gig. That’s a thousand million bits per second. With that awesome speed I can research stock ideas, I can learn new skills, I can watch movies, I can watch financial shows – like Cramer – when I want to, not when DirecTV insists I do.

I like the “feel” of our small town of Chatham. Main Street Goodness cooks my cheeseburger the way I like. UPS And FedEx deliver to my front door. I helped my llittle town build a nice tennis court. They listened. My new local friends are sweet, funny and, amazingly, real people. They grow things. They build things.

The history of America is movement. It’s time for you to move. This climate thing is only getting worse. Trust me on that one. I can’t predict the stockmarket. But I can predict the climate.

We ate local corn last night from Joe Gilbert’s Berry Farm. It was awesome. He grows much of the food he sells, including arugula, which I love. Guess what we’re having for dinner tonight?

We don’t shop locally, except for food. Amazon delivers everything, including Palmolive dishwashing liquid. There’s no future in retail. You won’t catch me investing in retail.

I can do everything with the stockmarket and investing from here. A one gig Internet connection is pure joy. And my iPhone works wonderfully on WiFi.

It’s easy to go places. I get in my trusty Subaru Outback and park where I like –for free. This morning I saw baby deer, wild turkeys, squirrels, chipmunks, woodchucks, rabbits. etc. I still haven’t seen our local brown bear with her two babies, but everyone else has. She’s cute, and protective.

18 months ago I planted this tree to “celebrate ” the Pandemic.

It’s doing fine. So am I.

If I sound like a pig in sh*t this morning, you got it. I’m out of my California real estate (at big loss). All I have now is an apartment in New York City and a house in Columbia County. And our tech stocks keep rising. Check out our portfolio.

Because it was raining, we played inside this morning at the Old Chatham Tennis Club. Good place. Click here.

Fun stuff

Thanks for listening today. — Harry Newton