What Are the Real Odds? Would Buying a Submarine be Prudent?

Can politicians be expected to back up their Global Warming scare prophesies with sound property and investment management techniques, like selling their $3 Million coastal estates?

Apparently not. Do the Gores, Clintons and McCains also have valuable beach property? (HINT: It is a really great investment).

We know one candidate has island property on North Carolina's coast despite Edwards Urges Action In Fight Against Global Warming on his John Edwards 08 web site.

We can now conveniently bet (NOT RECOMMENDED) on global warming's possible coastal impact. An online gambling service accepts long odds on whether rising waters will inundate Virginia's Cape Henry and Cape Hatteras on North Carolina's Outer Banks.

Currently offered are 200-to-1 odds that Cape Henry will be submerged by 2015, and 300-to-1 odds that Cape Hatteras would be flooded by then. Source here, for more. Perhaps the Hollywood types are more honest than the politicians...

ROME, Italy (AP) - Angelina Jolie and Brad Pitt are treating themselves to an Italian luxury yacht fitted with a swimming pool, a heliport and a submarine. Now, if you really believe the seas are rising quickly, doesn't a submarine purchase make more sense than a beach home?