One explanation for 'why not' that channels @SamoBurja : our institutions have decayed and no longer are forward looking enough to make a bet which is that long term.
And Bezos gets better returns make furniture that talks to you.
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I jokingly told my Canadian co-workers I was thinking about acquiring Hudson Bay beachfront property, and they laughed. But I'm not convinced it's a crazy idea.
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Unless I can't expect to my children or their children to receive their inheritances
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Rent prices in Denver are up, as one would expect if New York and Los Angeles were about to fall into the sea.
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There are lots of reasons why rent in Denver might be up though. Less so for currently marginal farmland in Saskatchewan.
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insurance companies and financial firms are starting to account for this
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Because it is a very long term bet, where winning the bet correlates with humanity screwing up badly and therefore property rights potentially wouldn't be upheld.
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