Investing in Pheonix or Colorado Springs (Climate Future?)

[Michael Paccione]

Hello, I am a San Francisco local who has a $250,000 derivatives portfolio currently.

Looking to disperse a significant portion of those funds into real estate to diversify and eventually get a solid cash flow real estate business. I have done many things for work/business in the past but now am a Software Engineer and can work from anywhere.

I am considering purchasing quadraplexes in Phoenix but am concerned about the future climate change. Phoenix will have more months that are extremely hot as well as the real problem of having to acquire enough water for the city.

The other consideration potential would be Colorado Springs. From my research Vermont, Maine, and Colorado are the three states that will suffer the least climate induced damage in the coming decades.

Any thoughts on all of this? Phoenix is quite close so I would prefer that but am skeptical... Any tips from the AZ people?

[Scott Mac]

Hi Michael,

I think the Arizona Bay theory (Bill Hicks, Tool, etc...) says Arizona will be Ocean front property and California will slide into the sea.

Ex President Obama just bought a house directly on the ocean front--he's not worried.

Banks are still lending on oceanfront property and properties in all of the so-called danger zones--and they don't seem to be worried.

If owning something in a particular area worries you, then buy in an area where you have no worries.

Good Luck!