DTEJD1997 Posted April 26, 2015 Author Share Posted April 26, 2015 Sorry to hear that things are not getting any better over there. We need to have some sort of special economic zone there where there is a federal tax exemption for any start up or sub 100m annual revenue business for the next 10 yrs. the infrastructure is built, it just can't be maintained etc. Lots of social problems that have roots in economic problems. Interestingly the western part of the state is doing fine, more like a Wisconsin economy. Very pretty as well. Yes, that might work... One of the problems is that the people of Detroit are "broken". Stadiums, Super Bowls, trains to nowhere, and such are all just window dressing. You've got to fix the spirit, mind & culture of the people to really make a permanent change. Some of the largest growth industries in Detroit? Casinos and "dope" shops. On my way to work, going down "Eight Mile" there are at LEAST 16 medical marijuana shops within sight of the road. Most of them are located in Detroit, but not all. There are lots of strip clubs on Eight Mile also. Some of them are busy ALL the time. The Penthouse club is busy all the time. Sometimes I get out early, or have business to take care of. Tuesday at 2 PM, 30+ cars are in their lot. Thursday at 4 PM, there might be 40 cars... Who is going to the strip club in the middle of the day? Crazy. The casinos in Detroit are simply huge. They are much more profitable than most Vegas casinos. So we've got MJ shops, strip clubs & casinos. A great way to build a solid economy.... The Western part of Michigan is indeed different than Detroit. I loved the time I spent there in undergraduate. Very nice. Perhaps I can make it back there some day... Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 26, 2015 Share Posted April 26, 2015 On my way to work, going down "Eight Mile" there are at LEAST 16 medical marijuana shops within sight of the road. Most of them are located in Detroit, but not all. But no mention of how many liquor stores there are within sight of the road. We've got one in Montecito within sight of the road, it's appalling ;) And then there are all the restaurants that serve alcohol with a license, what is the neighborhood coming to. There are many drug users that congregate in these bars to consume their drug, and they openly consume their drug in front of children at restaurants. Link to comment Share on other sites More sharing options...
DTEJD1997 Posted April 26, 2015 Author Share Posted April 26, 2015 On my way to work, going down "Eight Mile" there are at LEAST 16 medical marijuana shops within sight of the road. Most of them are located in Detroit, but not all. But no mention of how many liquor stores there are within sight of the road. We've got one in Montecito within sight of the road, it's appalling ;) And then there are all the restaurants that serve alcohol with a license, what is the neighborhood coming to. There are many drug users that congregate in these bars to consume their drug, and they openly consume their drug in front of children at restaurants. I think ALL drugs should be legalized. However, I don't think they are a good thing, MJ included. Eight Mile is hardly the only place where these things are. There are tons of them on Mack, Grand River, and other spots. As to liquor stores, they are too numerous to count or even notice. However, my old neighborhood has a lot of liquor stores being closed. Things are that bad! When the liquor stores are shutting down, you've got real problems! Link to comment Share on other sites More sharing options...
DTEJD1997 Posted April 26, 2015 Author Share Posted April 26, 2015 Winter is silly/brutal. People still believe/think of global warming? It was SNOWING during the tigers game on April 23rd. Yes, people do believe that global warming is causing your severe cold weather: http://phys.org/news/2015-02-evidence-link-wavy-jet-stream.html Prolonged cold snaps on the East Coast, California drought and frozen mornings in the South all have something in common – the atmospheric jet stream which transports weather systems that's taken to meandering all over North America. Rutgers University climate scientist Jennifer Francis and colleagues link that wavy jet stream to a warming Arctic, where climate changes near the top of the world are happening faster than in Earth's middle latitudes. Color me skeptical. This is coming from academia? I don't trust them at all. What about all the emails at the English University that were released by Russian hackers? How about this?: http://www.dailymail.co.uk/news/article-3055646/Did-exaggerated-records-make-global-warming-look-worse-Scientists-investigate-adjusted-temperatures-skewed-data.html These guys can't predict the weather more than a day in advance, yet they are confident about predictions 10,20,30+ years in the future? Some of the studies claim the temperature is going to rise by 2 degrees in 30 years and that is going to cause catastrophe? I remember back in the 70's we were facing a global cooling crisis. Then it was acid rain, then the rain forests were going away. By this time, we weren't supposed to have any rain forests left.. I don't buy it... Link to comment Share on other sites More sharing options...
Hielko Posted April 26, 2015 Share Posted April 26, 2015 American ignorance at its best... Link to comment Share on other sites More sharing options...
sys Posted April 26, 2015 Share Posted April 26, 2015 American ignorance at its best... it's depressing. Link to comment Share on other sites More sharing options...
writser Posted April 26, 2015 Share Posted April 26, 2015 American ignorance at its best... it's depressing. Yes ... Link to comment Share on other sites More sharing options...
onyx1 Posted April 26, 2015 Share Posted April 26, 2015 I remember back in the 70's we were facing a global cooling crisis. Then it was acid rain, then the rain forests were going away. By this time, we weren't supposed to have any rain forests left.. I don't buy it... If intellectuals didn't have an impending crisis to warn us about, they would live out their entire lives in obscurity. Link to comment Share on other sites More sharing options...
SmallCap Posted April 26, 2015 Share Posted April 26, 2015 So, I was thinking about this thread yesterday when I saw an unusual piece of real estate advertised in my local area. Did you pursue this further? How did it work out? I did not purchase the property. As time has progressed, it is apparent that Michigan has even MORE problems than what I initially thought. Crime is terrible. Taxes are bad (income, property, gasoline, sales). Auto insurance is 6.5X what I was paying in Texas, and is the highest in the country. It is highly likely that gasoline tax will increase $.40/gallon over the next 3 years resulting in the 2nd costliest gas in America. Most public skewls are a joke... The demographics are terrible. Winter is silly/brutal. People still believe/think of global warming? It was SNOWING during the tigers game on April 23rd. And to top it off, I missed getting killed by 5 minutes the other day. A truck plowed into the lobby of a business that I had been in 8 minutes earlier. One of the wildest things I've ever seen! I am seriously considering leaving the state at the end of summer/fall. Time for me to move! Sorry to hear that things are not getting any better over there. We need to have some sort of special economic zone there where there is a federal tax exemption for any start up or sub 100m annual revenue business for the next 10 yrs. the infrastructure is built, it just can't be maintained etc. Lots of social problems that have roots in economic problems. Interestingly the western part of the state is doing fine, more like a Wisconsin economy. Very pretty as well. Reading this thread I feel like I really need to "defend" Michigan and point out that Michigan isn't Detroit. There is a lot more to this state then what is happening in Detroit and Flint. I live on the West side in Holland Michigan and the entire economy around here is going along just great, less then 4% unemployment and there is a housing shortage around here, all the realtors are complaining that they can't get any listings. my brother in law put their house on the market not really serious about selling but just put a high price on it and within a week had a full price offer. I work with a lot of small businesses in the area and they are having hard time finding employees. The downtown areas of the cities around here are thriving and wonderful places to walk, eat and shop. crime is low and the geography is beautiful. I live on the west coast of the midwest and interestingly there are many parallels to the west coast of the US. The lake provides a moderating effect (not enough because the winters are still too cold and gray) so there is a large fruit belt along the lake that helps the agricultural output and diversity. the weather is simply awesome for 6 month of the year, questionable for the other months. This ended up being a #pureMichigan advertisement but when you come to Michigan be sure to check out the west side of the state and when you do feel free to look me up. Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 27, 2015 Share Posted April 27, 2015 Winter is silly/brutal. People still believe/think of global warming? It was SNOWING during the tigers game on April 23rd. Yes, people do believe that global warming is causing your severe cold weather: http://phys.org/news/2015-02-evidence-link-wavy-jet-stream.html Prolonged cold snaps on the East Coast, California drought and frozen mornings in the South all have something in common – the atmospheric jet stream which transports weather systems that's taken to meandering all over North America. Rutgers University climate scientist Jennifer Francis and colleagues link that wavy jet stream to a warming Arctic, where climate changes near the top of the world are happening faster than in Earth's middle latitudes. Color me skeptical. This is coming from academia? I don't trust them at all. What about all the emails at the English University that were released by Russian hackers? How about this?: http://www.dailymail.co.uk/news/article-3055646/Did-exaggerated-records-make-global-warming-look-worse-Scientists-investigate-adjusted-temperatures-skewed-data.html These guys can't predict the weather more than a day in advance, yet they are confident about predictions 10,20,30+ years in the future? Some of the studies claim the temperature is going to rise by 2 degrees in 30 years and that is going to cause catastrophe? I remember back in the 70's we were facing a global cooling crisis. Then it was acid rain, then the rain forests were going away. By this time, we weren't supposed to have any rain forests left.. I don't buy it... Do you trust the scientists at JPL? Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 27, 2015 Share Posted April 27, 2015 As to liquor stores, they are too numerous to count or even notice. However, my old neighborhood has a lot of liquor stores being closed. Things are that bad! When the liquor stores are shutting down, you've got real problems! MJ stores will probably be a net positive for society if they are coupled with a trend of closing liquor stores. Link to comment Share on other sites More sharing options...
crastogi Posted April 27, 2015 Share Posted April 27, 2015 So, I was thinking about this thread yesterday when I saw an unusual piece of real estate advertised in my local area. Did you pursue this further? How did it work out? I did not purchase the property. As time has progressed, it is apparent that Michigan has even MORE problems than what I initially thought. Crime is terrible. Taxes are bad (income, property, gasoline, sales). Auto insurance is 6.5X what I was paying in Texas, and is the highest in the country. It is highly likely that gasoline tax will increase $.40/gallon over the next 3 years resulting in the 2nd costliest gas in America. Most public skewls are a joke... The demographics are terrible. Winter is silly/brutal. People still believe/think of global warming? It was SNOWING during the tigers game on April 23rd. And to top it off, I missed getting killed by 5 minutes the other day. A truck plowed into the lobby of a business that I had been in 8 minutes earlier. One of the wildest things I've ever seen! I am seriously considering leaving the state at the end of summer/fall. Time for me to move! Sorry to hear that things are not getting any better over there. We need to have some sort of special economic zone there where there is a federal tax exemption for any start up or sub 100m annual revenue business for the next 10 yrs. the infrastructure is built, it just can't be maintained etc. Lots of social problems that have roots in economic problems. Interestingly the western part of the state is doing fine, more like a Wisconsin economy. Very pretty as well. Reading this thread I feel like I really need to "defend" Michigan and point out that Michigan isn't Detroit. There is a lot more to this state then what is happening in Detroit and Flint. I live on the West side in Holland Michigan and the entire economy around here is going along just great, less then 4% unemployment and there is a housing shortage around here, all the realtors are complaining that they can't get any listings. my brother in law put their house on the market not really serious about selling but just put a high price on it and within a week had a full price offer. I work with a lot of small businesses in the area and they are having hard time finding employees. The downtown areas of the cities around here are thriving and wonderful places to walk, eat and shop. crime is low and the geography is beautiful. I live on the west coast of the midwest and interestingly there are many parallels to the west coast of the US. The lake provides a moderating effect (not enough because the winters are still too cold and gray) so there is a large fruit belt along the lake that helps the agricultural output and diversity. the weather is simply awesome for 6 month of the year, questionable for the other months. This ended up being a #pureMichigan advertisement but when you come to Michigan be sure to check out the west side of the state and when you do feel free to look me up. I live in Oakland county (Detroit metro area). Business is growing here. There is a definitely a sellers market in housing. South of 8 mile is a different story. Link to comment Share on other sites More sharing options...
APG12 Posted April 27, 2015 Share Posted April 27, 2015 American ignorance at its best... it's depressing. Yes ... Intellectuals are not infallible. History has proven this time and again. Not everyone that disagrees with predictions of catastrophe is ignorant. "Scientific consensuses are an important part of any modern society—they tell us the general state of agreement in a field, not so we can blindly obey the experts in question (experts and consensuses can be wrong) but so that we can understand and critically think about those experts’ views." -Alex Epstein Link to comment Share on other sites More sharing options...
Hielko Posted April 27, 2015 Share Posted April 27, 2015 American ignorance at its best... it's depressing. Yes ... Intellectuals are not infallible. History has proven this time and again. Not everyone that disagrees with predictions of catastrophe is ignorant. "Scientific consensuses are an important part of any modern society—they tell us the general state of agreement in a field, not so we can blindly obey the experts in question (experts and consensuses can be wrong) but so that we can understand and critically think about those experts’ views." -Alex Epstein Yes, you are right. At the same time, it's a meaningless quote that you could just as easily use to support someone who thinks the earth is flat or someone who believes in intelligent design. Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 27, 2015 Share Posted April 27, 2015 Even though the arctic is warming, it's still bloody cold up there. So if you have some bloody cold arctic air blowing down on you in Michigan is it evidence that the world (including the arctic) is not warming? I haven't seen any disagreement on that issue -- the air blown down on you was arctic air. Here are some headlines about how your cold weather is in fact arctic air: http://www.mlive.com/news/grand-rapids/index.ssf/2015/02/west_michigans_first_round_of.html http://www.mlive.com/news/detroit/index.ssf/2015/02/yet_another_blast_of_arctic_ai.html http://www.clickondetroit.com/weather/light-snow-wind-cold-wednesday/30570034 Link to comment Share on other sites More sharing options...
oddballstocks Posted April 27, 2015 Share Posted April 27, 2015 American ignorance at its best... it's depressing. Yes ... Intellectuals are not infallible. History has proven this time and again. Not everyone that disagrees with predictions of catastrophe is ignorant. "Scientific consensuses are an important part of any modern society—they tell us the general state of agreement in a field, not so we can blindly obey the experts in question (experts and consensuses can be wrong) but so that we can understand and critically think about those experts’ views." -Alex Epstein Yes, you are right. At the same time, it's a meaningless quote that you could just as easily use to support someone who thinks the earth is flat or someone who believes in intelligent design. Ahem.. you know the president of the flat earth society does believe in global warming, evolution and 9/11. He does not believe in gravity, so there's that thing: http://www.theguardian.com/global/2010/feb/23/flat-earth-society Link to comment Share on other sites More sharing options...
adesigar Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. Link to comment Share on other sites More sharing options...
rpadebet Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. you are assuming if we start fighting global warming we will stop fighting each other. Mankind ever since it came into existence has constantly fought each other (mainly over limited resources). That's not about to change...(unless we have an alien attack) Link to comment Share on other sites More sharing options...
oddballstocks Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. I believe the problem with global warming is the same as politics. There is a very delayed feedback loop. A voter votes for a terrible politician who creates all sorts of bad problems...but the problems don't manifest themselves for 20 years. That voter doesn't necessarily link their vote and the politician to the problems. If they do some new solution that might create problems is required to fix it, consequences are delayed. Global warming is the same. Something that's a problem right now might not be terrible for 20-30 years. There is no feedback, and it's not immediate so people have a tough time with it. I don't know why using less of things, being more resourceful, and conserving is all that bad. Even if there isn't any global warming those are good things we should be doing anyways. Unless someone is a contrarian to be contrary why is "I just want to waste and use too much of anything for no reason" something anyone strives for? Link to comment Share on other sites More sharing options...
rkbabang Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. I believe the problem with global warming is the same as politics. There is a very delayed feedback loop. A voter votes for a terrible politician who creates all sorts of bad problems...but the problems don't manifest themselves for 20 years. That voter doesn't necessarily link their vote and the politician to the problems. If they do some new solution that might create problems is required to fix it, consequences are delayed. Global warming is the same. Something that's a problem right now might not be terrible for 20-30 years. There is no feedback, and it's not immediate so people have a tough time with it. I don't know why using less of things, being more resourceful, and conserving is all that bad. Even if there isn't any global warming those are good things we should be doing anyways. Unless someone is a contrarian to be contrary why is "I just want to waste and use too much of anything for no reason" something anyone strives for? I have no problem with using less of things, recycling, and everyone doing their small part. I do these things myself. What I have a problem with is things like carbon taxes which will not only hurt the economy but give the governments of the world trillions of more dollars to spend on weapons to slaughter people over resources with. No thanks. If it is a problem, and it increasingly looks like it is, then, like any real problem, government does not have the solution. Link to comment Share on other sites More sharing options...
adesigar Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. I believe the problem with global warming is the same as politics. There is a very delayed feedback loop. A voter votes for a terrible politician who creates all sorts of bad problems...but the problems don't manifest themselves for 20 years. That voter doesn't necessarily link their vote and the politician to the problems. If they do some new solution that might create problems is required to fix it, consequences are delayed. Global warming is the same. Something that's a problem right now might not be terrible for 20-30 years. There is no feedback, and it's not immediate so people have a tough time with it. I don't know why using less of things, being more resourceful, and conserving is all that bad. Even if there isn't any global warming those are good things we should be doing anyways. Unless someone is a contrarian to be contrary why is "I just want to waste and use too much of anything for no reason" something anyone strives for? I have no problem with using less of things, recycling, and everyone doing their small part. I do these things myself. What I have a problem with is things like carbon taxes which will not only hurt the economy but give the governments of the world trillions of more dollars to spend on weapons to slaughter people over resources with. No thanks. If it is a problem, and it increasingly looks like it is, then, like any real problem, government does not have the solution. Im not saying global warming is real. Im not saying it is man made. Im also not saying if its real we can do anything to control it or reverse it. All im saying is we cant take a chance. Its like if someone gives you a gun with 1000 chambers and says it has 1 bullet in one of the chambers. He says he will pay you a lot of money to aim it at your head and pull the trigger, would any of you do it? (Only someone who is extremely poor and want to provide for his family might). The odds that the scientists are right is better than 1 in a 1000 and cost is possibly tens or hundreds of million lives. Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 27, 2015 Share Posted April 27, 2015 Heres a question for the "theres no global warming people". There are 2 options 1. The scientists are wrong on global warming and we spend a few trillion dollars (which is what is spent on weapons every few years on this planet trying to kill each other) trying to save the planet which didn't need saving. 2. The scientists are right and we need to work on global warming to save our planet. Only morons would be willing to take the chance. Thankfully the majority of the world is not as dumb. I believe the problem with global warming is the same as politics. There is a very delayed feedback loop. A voter votes for a terrible politician who creates all sorts of bad problems...but the problems don't manifest themselves for 20 years. That voter doesn't necessarily link their vote and the politician to the problems. If they do some new solution that might create problems is required to fix it, consequences are delayed. Global warming is the same. Something that's a problem right now might not be terrible for 20-30 years. There is no feedback, and it's not immediate so people have a tough time with it. I don't know why using less of things, being more resourceful, and conserving is all that bad. Even if there isn't any global warming those are good things we should be doing anyways. Unless someone is a contrarian to be contrary why is "I just want to waste and use too much of anything for no reason" something anyone strives for? I have no problem with using less of things, recycling, and everyone doing their small part. I do these things myself. What I have a problem with is things like carbon taxes which will not only hurt the economy but give the governments of the world trillions of more dollars to spend on weapons to slaughter people over resources with. No thanks. If it is a problem, and it increasingly looks like it is, then, like any real problem, government does not have the solution. Im not saying global warming is real. Im not saying it is man made. Im also not saying if its real we can do anything to control it or reverse it. All im saying is we cant take a chance. Its like if someone gives you a gun with 1000 chambers and says it has 1 bullet in one of the chambers. He says he will pay you a lot of money to aim it at your head and pull the trigger, would any of you do it? (Only someone who is extremely poor and want to provide for his family might). The odds that the scientists are right is better than 1 in a 1000 and cost is possibly tens or hundreds of million lives. There are plenty of people who work high-risk jobs (Alaskan crab fishermen as an extreme example) because they need to provide for their families. Unfortunately, the world as a whole will probably continue to provide for their families in the high-risk manner to which they are accustomed. For example, people generally aren't going to (willingly) run their businesses on higher-cost but lower risk sources of electricity (like solar power) versus the coal they are currently running their businesses on. For example, Australia: http://www.theage.com.au/national/education/coal-and-where-australia-stands-on-renewable-energy-targets-20140914-10fbp2.html "The Sunburned Country" favors coal over solar energy: In Australia, around 75 per cent of electricity is produced using coal: power stations burn the coal to heat water, creating the steam necessary to spin turbines and generate electricity. And what they don't directly burn, they export for others to burn: Australia is the world's largest exporter of coal with more than half the quantity extracted sent overseas to countries like Japan, China, Korea and India. The resource is worth billions of dollars in income, jobs, tax and royalties, to the Australian economy. Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted April 27, 2015 Share Posted April 27, 2015 On global warming...I would like to point out that its possible to agree that the earth may be in fact warming, but disagree on the causes (there have previously been large changes in temperature; was the ice age caused by greenhouse gases?). I think its also worth pointing out that its possible to agree the earth may be warming, but disagree on the rate/speed of change and the level of concern needed. I really dislike how anyone who doesn't agree with the elitist agenda is painted by media with one brushstroke (all as idiots). On Detroit/Michigan, I will argue the source of its economic plight is similar to Cleveland (where I was born). It is both a function of changing economy, unions overplaying their hand (not willing to make concessions or not making them at a fast enough pace), and anti-business/anti-growth political policies. The changing economy part is tough. The value of labor has fallen significantly on a relative basis because of global competition; the value of a college education, and experience in areas such as management, finance, and consulting has risen as a result of the same factors. The population in areas like Detroit (similar to cleveland where I grew up) is not as educated and is experiencing a huge brain drain from the portion that is educated or on the higher education path. Part of this is driven by lack of opportunity (driven by the factors above), part driven by self-reinforcing trends (if you are young and smart, and you see large pools of other young and smart people moving to east coast, west coast, chicago, and texas, where do you move?). The shitty weather doesn't help, but I would point to Chicago as a midwest city that has remained vibrant despite the forces going against it. Generally my advice would be to invest in real estate in areas with positive economic trends, positive population trends, freer economies, well-funded stable governments, and rule of law/crime enforcement. Detroit doesn't fit this bill. I don't even own my current residence in Chicago (despite the fact I could pay cash for it if I wanted to) because of worries about the long-term funding of the city/state. I would invest in real estate in the east coast, florida, texas, and west coast. Link to comment Share on other sites More sharing options...
ERICOPOLY Posted April 27, 2015 Share Posted April 27, 2015 Well, if the droughts and higher temperatures are a long-term change for California, then there is some almond farmland to be purchased elsewhere. California grows 80% of the world's almonds and this is using up 10% of the state's water. Over the past 20 years, California's planted almond acreage has doubled. The growth in the almond acreage can't continue at that pace -- there just isn't the water. This means that if you purchase an almond farm in an area with a more secure water supply then you will benefit from the future increases in almond prices (with California's production growth limited by water, then the supply/demand shift will happen and prices will increase). Link to comment Share on other sites More sharing options...
gg Posted April 28, 2015 Share Posted April 28, 2015 Well, if the droughts and higher temperatures are a long-term change for California, then there is some almond farmland to be purchased elsewhere. California grows 80% of the world's almonds and this is using up 10% of the state's water. Over the past 20 years, California's planted almond acreage has doubled. The growth in the almond acreage can't continue at that pace -- there just isn't the water. This means that if you purchase an almond farm in an area with a more secure water supply then you will benefit from the future increases in almond prices (with California's production growth limited by water, then the supply/demand shift will happen and prices will increase). Hey Eric, Do you have a source for that 10% of CA's water being used for Almond farming? Not doubting it, but had never heard that....if that's true, could be a seriously interesting way to bet on continued droughts Link to comment Share on other sites More sharing options...
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