ALASKA: A REAL ESTATE BARGAIN AND ITS ENVIRONMENTAL FUTURE

By Promod Puri

In today’s real estate many homes and even apartments in the world’s big cities, including Vancouver, are priced over five million dollars.
Now moving backward over a century ago, the US bought Alaska from Russia for $7.2 million in 1867. Still a bargain at $125 million in today’s dollars for 370 million of acres of pristine land rich in oil and other resources, and a major tourist destination.

However, the entire Alaska region now is a vivid scene of deteriorating climate change thru its fast-melting glaciers. At some of the places, the climate change effects are so remarkable that if one goes there in one summer, and revisit them next summer, the whole landscapes are remarkably different. I experienced it at Tracy Arm fjord near Juneau, the capital city of the state, a few years ago in a repeat Alaska cruise holidays.

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