A friend recently advised me to buy a house for investment purposes in Kyle, Texas. Having never heard of the place, I looked it up on the web. In the City of Kyle's website I learned two things:
- Kyle's aquifers are at record lows, causing the city to declare Stage 2 water restrictions - A Kyle resident may now only water the garden once a week. Hello global warming!
- The Kyle community pool-club is called "the Polar Bear Club". Consider the irony - this week the government brought out a plan to put the polar bear on the list of endangered species, mainly due to global warming decimating its habitat.
Investing in Kyle (and Austin and surrounding areas) may be the same as investing in the polar bear. I fear this area is going to get harder and harder to live in unless something is done about global warming.
It was somewhat comforting to hear this week that clean tech was the third-largest investment sector for VCs in Q3 2006. Will the gods of capitalism save us where common sense won't?
For the record, I own a Prius and recycle, which is what allows me to rant about this topic.