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Rodanthe, Hatteras Island NC 2023
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 ...
Wealthy beach lovers are left devastated as they’re forced to slash prices of their luxury seaside homes by millions due to climate change.
The earth’s climate has been changing since creation and humans have little to do with it. The earth’s rotation, the distance from the sun, the sun, the moon, the oceans and volcanoes have the most to do with the change in the earth’s climate.
Bingo! Exactly correct.
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.
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Rich Groupies of “The Party of Science” don’t even know what simple erosion is and why they were able to buy the place in the first place? Idiots deserve everything coming their way/
Robber barons have a long history of pushing narratives that convince people to sell their land at a discount. Was very common during the early days of oil and railroads.
lot easier to pump than “global warming”
California stands out as a state where they have steadily been slowing down “beach nourishment” efforts, due to high costs and permitting issues (think government bureaucracy that would rather give sanctuary to illegals than maintain the coastline). The past few years of El Niño weather patterns —not rising sea levels— have made the issue worse. This is all a natural phenomenon and beach nourishment has been used all over the world for over a hundred years now.
Extreme cherry picking a single situation for the cult.
Key line: We took a gamble.
Washaway Beach in Washington State -
“The area once known as Cape Shoalwater on the Washington Coast, now properly known as North Cove and nicknamed Washaway Beach, is one of the fastest eroding places in our hemisphere. It loses an average of 150 feet a year. In a bad winter, it can be much more.
Total B.S. Erosion happens. Always has, always will.
“Climate experts” = slimy con artists
“There’s so many things, and it’s so dizzying,” Hutchins said, “If we could just focus on the main things and farm the other things out to private entities, that would be, to me, a way to lower the budget.”
But Perry said it’s necessary for the money to be spent.
“Yes, it’s a large number — $74 million puts a lot of work, again, that hasn’t been done for the past four to six years, which has been put off and put off, and now it’s time to act,” Perry said.
In addition to the items on the budget, the Hilton Head Island council is receiving a 15% raise for inflation, which, according to the council, hasn’t happened since 2012.
HMM...
Who will buy those devalued properties for a song?
Natural moving of goal post as their globull warming narrative wasn’t quite “inclusive” enough.
As I have repeatedly said. I am a firm believer in climate change, has been happening since the beginning of time.
Couple of questions for the globull climate catastrophe folks
1- What is the “normal” climate for the earth?
2- what caused the ice ages to come and go without man or SUVs
3- there are ice core samples that show much higher levels of CO2 without corresponding higher temps
4- how come every time a glacier “retreats” evidence of human activity is often found?
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Rodanthe, Hatteras Island NC 2023
And, if we have to PANIC and RUN because of “Global Warming”, wouldn’t that result in us having LESS water and MORE sand?
they asking fo it.
Somebody find me a violin.
Meanwhile, the Obamas still own their waterfront property in MA.
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