Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before, and it's impacting home values.
Oh nooooo…anyway.
I'm sure Aquaman is in the market for some land
"Sell their house's to who, Ben? Fucking aquaman?"
Saw fake news clip on spytube... Really puts in perspetive who they shill for.
As others have said... Oh no anyway. It's called risk and these big brain elites shoulda known about it. Why are they truing to socialize their losses from their bad decisions. We already spend so much money to allow for these beach homes to exit IMHO
A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000. A barely remarkable Nor’easter in the fall wiped away an astounding 70 feet of the beach it sits on, thanks to sea level rise and unusually intense rainfall.
The buyer told The Boston Globe, “the price mitigates the risk to a good degree.”
I guess these houses are not insurable, so there are people for whom losing a $600,000 house is just "oh well, it was fun while it lasted." Or maybe when the sea reaches the back door this guy will be able to sell it to someone with the same attitude and $200,000.
Yeah, there are people wealthy enough that they're ok paying something like that for what is essentially a rental.
There was an old man from Nantucket...
Oh no
anyway
There was once a house in a Nantucket, they tried to save sand by the bucket, the ocean and sea, would not let it be, so they tried sell and say muck it
Let's ban talking about climate change. That surely will fix the problem.
I'm sure some people would pay extra to live under water.
Fucking Aquaman
It's not all bad. Lake Erie has been experiencing record high water levels that are eroding the shore. In a suburb east of Cleveland private property owners along the lake have agreed to let the local government build a paved trail on their property as it includes a boulder wall to prevent erosion. So far it's not long enough for a commuter trail but it improves access to the lake. Hopefully one day it will follow the shoreline all the way into downtown Cleveland.