War...What happens to property?

Well during war you usually have an uptick in economic activity as mobilisation takes place, then a period of downturn as the debts start to be paid back and the economy re-adjusts, followed by a large economic boom afterwards.

Wars are usually caused by long periods of low socio-economic growth, which causes the masses to become frustrated and more keen to go on a war-like footing. Roaring 20's post WWI leading to 1929 stock market crash and Great Depression, followed by WWII. The Weimar Republic. Boom in Japan post 1950, etc.

Several recessions in the first part of the 20th century leading to WWI, etc.

In more recent history, Gulf War 1 leading in 1991 leading to recession, followed by high growth until 2000. September 11, 2001 leading to a dip, war in 2003, followed by a boom until 2008.

It is all fascinating if you delve into history and the why.

 

It was interesting I read that due to the bombardment of Sydney by the Japanese and also submarine attacks during WW2, there was fear of an impending attack. Properties in the Blue Mountains went up in value while the Eastern Suburbs dropped due to fear of attacks.

 

Yep. All the waterfront homes going for a song.....

 

You sure they were not just underquoting ?

 

And Jewish refugees from Europe were johnny on the spot to grab a lot of eastern suburbs real estate at the time

 

At a guess I'd say that bank shareholders might be in a less than ideal position.

 

How about steel and manufacturing share holders?

 

Buy shares in whoever makes Exocet missiles and other weapons would be my cynical response.

 

what now that north korea fired a missile over japan? Aus is definitely in
North Korea fires missile over Japan in 'unprecedented threat' - BBC News

 

Maybe Trump has enough on his hands with the floods--plus one would have thought they would has just shoot the missile down --now it takes the uncertainty outside the plan itself...

 

Interest rates will jump 2% overnight for a start.

 

I'm currently reading a book titled, "Raven Rock: The Story of the US Government's Secret Plan to Save Itself - While the Rest of Us Die".

It's essentially the story of the secret US "Continuation Of Government" program. It started during WWII and continues to this day, outlining how the US Government intended to continue to function through a nuclear war. There's a lot of info on the command and control survivability. They decided very quickly that it simply isn't possible to protect the population, it's about the survival of government including the houses of government, executive and legislative branches. A lot of effort went into command and control planning, as well as succession of leadership (the presidency). In addition to the main government, there was two tiers of shadow government ready as backup. Quite fascinating, a bit scary. I'm just now going through the 9-11 attacks.

For the most part, recovery from a nuclear war was assumed, but not particularly well planned. Eventually this was realised and started to factor into all the elaborate plans.

Taxation eventually came up after all the government would need revenue to pay for a conflict and the subsequent recovery. With it came questions about things like property tax. Some estimates of how real estate values would be affected were briefly discussed in the book, although not a lot of detail was included. Fundamentally it was decided that a nuclear war would see a dramatic fall in real estate values.

Needless to say that I thought at certain points the planning got a little disconnected from the realities of life in such a situation.

 

At least it would be easy to find a block to build on? Wait until night and choose the one that glows less....

 

If Kim Jong Idiot happens to somehow be left alone, and gets to the point where he nukes Sydney, then it will be too bad so sad for all land holders.

I do not see it as an economic booster, generally

 

Depends on how in demand the land will be as @dabbler put it if they drop a nuke on Sydney and it becomes inhabitable the value of the land would plummet because demand would drop off not only due to population but also no one wants to live there.

If however the rest of the whole world were able to live but only Sydney was the place habitable then the prices would jump but I think there might be civil unrest as we couldn't jam 7 billion people into Sydney.

 

What a horrific experience!

 

Is Sydney within range?

 

Lol
Even if it was, it would never be picked as a target.
The DPRK would blow Japanese cities waaaay before it would even consider an Australian target.

 

Peter, was this book written by George Orwell?

Because he did a good job with his prior book from 33 years ago...

 

I doubt it, I'm now in the last chapters dealing with the Obama administration. Quite a good book, well worth the read if you're into these themes.