You know all thse hurricanes that global warming is causing? Um, not so much.

The problem with these storms is that Americans have a peculiar proclivity to take money and bury it in a sand dune on a hurricane-prone beach, i.e. a beach house. As a result, the number of beach homes is going up and up, and because the supply is limited (there’s only so much beach), prices have risen astronomically. And the costs and sizes of the homes have also risen, given that increases in real wealth have outpaced inflation.