couple KNOWINGLY paid $1.3 million for house in Palos Verdes landslide area...because it was 50% of value

[BlueWaveNeverEnd]

and now they've poured another 200K into the home and it's still sliding.

their reasoning for buying this house in crisis.. ."priced out of much of California".... not true. $1.3 M would have bought a nice house somewhere...just not with ocean views.

Their views to the ocean have improved substantially as houses around them descend into the earth.

[PJMcK]

1. An adage comes to mind

A fool and his money are soon parted.

[BlueWaveNeverEnd]

2. so true in this case.

[Norrrm]

3. Insurance? Probably an exemption for landslides, If they can get it.

[BlueWaveNeverEnd]

4. no insurance company would insure a home in that condition.

[Klarkashton]

6. No such thing as landslide insurance on regular

Home owners policies. It might be possible to get some kind of special insurance, except that no one would insure a place where the land is in the process of sliding.

[Botany]

5. If the land your home is on is moving 1 foot per week your house is gonna be gone.

Steel beams, pumping out the ground water, jacking up the house, and so on
will buy you a little more time but if planetary forces are moving the mountain your
house is on downhill and into the ocean than you are screwed. ,

[BlueWaveNeverEnd]

7. true. they can kiss that 1.3M goodbye. Only hope is California gov coming to the rescue..

which is ridiculous if they payout to the couple who literally bought into this mess

[Botany]

8. Salvage what you can from the homes and then bulldoze the rest and make it a sheep ranch, raise figs, and

.. grapes. Picnic tables with nice ocean views

Palos Verde Merino Wool, Fig Jelly, Riesling, and lamb chops.