Posted on 06/16/2024 2:04:52 AM PDT by Libloather
Wealthy beach lovers are left devastated as they're forced to slash prices of their luxury seaside homes by millions due to climate change.
Climate experts believe the rise in sea levels and unforgiving storms, intense rainfall and coastal flooding and erosion are the culprits putting homeowners in a precarious position - and the unpredictability of it all.
The areas with some of the priciest real estate that have been hit the hardest include, Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, CNBC reported.
In September, a beach front home on Nantucket that listed for $2.3 million, fell to a staggering $600,000 after their shoreline lost 70 feet to erosion. The owner, Lynn Tidgewell said, 'this rate of erosion was not typical,' and 'dropped the price significantly in the knowledge that any prospective buyer was taking a risk.'
Tidgewell said she purchased the Nantucket property on Sheep Pond Road in 2021 for $1.65 million, as town records confirm.
At the time, the property was more than a 100 feet from the top of a coastal bank, and a geological study estimated the home would last at least two decades, if not more, at the current rate of erosion.
She said she 'took the gamble due to the magnificent beauty of the location,' but after two years started to notice the land near her house started to disappear, claiming approximately 15 feet of her backyard.
In the few years she lived there, she said her home was impacted by other storms including Hurricane Lee that took another 20 feet in September, and a staggering 70 feet was swallowed up between then and December, the news outlet reported.
Brendan Maddigan, who acquired the property in February, took advantage of the price drop but went in knowing the risks.
(Excerpt) Read more at dailymail.co.uk ...
Lions, Tigers and Bear...Oh My!
Did Obamanation sell his house yet?
Ocean currents move millions of tonnes daily. This has been going on since the beginning of time. It has nothing to do with rising levels due to more water.
Go look up the makeup of the sand in the Caribbean and you’ll find it’s a repository area for old shell matter...
Shorelines are one of the most malleable geographic features, due mostly to erosion, not rising water. The Roman port cities of Ostia and Herculaneum are now both significantly far inland, and that’s only been 2000 years or less since they were operating ports. Sedimentation and erosion are why shorelines shift, not water rise. What a bunch of goofballs.
CC
The insurance rates must be nuts.
Everything described in the article is due to normal processes. Hurricanes reshape shorelines all the time.
I’m not a hydrologist, but seems to me that one of the things that people do when they build mansions on sea cliffs is put in lawns and constantly water them. Hmm….erosion you say?
“Climate experts” have a pretty good gig
If it rains it’s climate change
If it doesn’t rain it’s climate change
If it’s cold it’s climate change
If it’s hot it’s climate change
If there are lots of hurricanes, tornadoes…. It’s climate change
If there are not lots of hurricanes or tornadoes…. It’s climate change
If it snows it’s climate change
If it doesn’t snow it’s climate change
………
The crap the climate cultist spew is staggering. Let’s see, waves, wind and land corrosion. I believe that’s called mother nature.
Glad I didn’t have a nice home on the Colorado River in Arizona 4 million years ago.
And it took them a while, but after enough of their predictions failed to come true they finally figured out that if they instead started placing the timeframes for their prophecies of doom far enough out into the future they could never be tested (and proven false) within their lifetimes.
Nantucket, Marthas Vineyard, and Cape Cod are glacial moraine, remnants of the the last Ice Age. Essentially just big sandbars. The ocean was always going to reclaim it. Strangely enough, Cape Cod is moving westward. As the eastern shore erodes, the western shore accretes. My mother’s cousin owns her parent’s place on the bay in Touro. Since the 1950’s, the shore has actually receded about 20 feet. Pretty soon they’ll be in Plymouth.
I’m not a scientist, but I don’t get how climate change causes erosion. Isn’t erosion always occurring, and hasn’t it been that way for centuries? And don’t people who buy homes in those locations know this?
Had a similar experience years ago when the beach in front of our cottage was eroding away. Ended up pounding in an interlocking steel barrier that worked fine and never had a problem since. Perhaps ‘environmental ordinances that strive to let nature take its course don’t allow for those type of measures here......
Correct. If one were to snap images of these sandbars over time from space they would appear as slow motion "sand waves" moving up the coast. Eroding on wayward side and depositing on the leeward side.
Cap on SALT deductions likely has something to do with this, too...
And wanna bet the exodus means the smart money thinks the cap will not be allowed to expire in 2025...
That would make sense, but many still like aoc and her crowd. Notice how algore is never called to the mat for None of his predictions coming true
One big one I left out is
No matter how much the data and observations don’t agree with the predictions, scream “Deniers” and demand more money
I’ll just toss this in cuz it’s a great case in point...
Check out what the biggest budget item is, the vague description given, and guess what they really mean.
Note to taxpayers: Incoming!!!!
My old Dad always said “Build your house on a hill, on a rock.”
He was right, and I listened.
These idiots actually believe climate change is causing more frequent and more severe storms. There ar no data to support that.
Atherton same idiots also believe that a 2 mm rise in ocean levels makes erosion a million times worse.
One does not have to be a “climate expert” to realize that all of this global-warming/climate-change crap is just that: crap science. They are integrity-free nitwits grifting off of an ill-informed society.
I have said this before, but saying “climate change” with the unspoken presumption that it’s man caused and that climates would never change but for the burning of fossil fuels absolutely drives me crazy. And maybe our activities are impacting the climate but can’t be intelligently considered without allowing for natural conditions. Confirmation bias and the Dunning Kruger effect are pushing mankind to the abyss. We have forgotten how to think.
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