Christian Science Monitor: Is this the right time to be buying up waterfront land in Brooklyn and Queens? On the one hand, in the midst of a recession — prices for good properties could be real low. This NYC Waterfront real estate article talks about some of the investment opportunities but note that climate change is barely mentioned but once in the article! In the year 2010, a new building could live on until the 22nd century! I thought that risk is an important part of evaluating the net rate of return on real estate?…