Thursday, Nov 16, 2006

House prices crash...into the sea!

Bloomberg: Homes Dangle on English Cliffs as Global Warming Erodes Shore

With global warming forecast to hasten the sea's encroachment, the government estimates that 140 billion pounds ($267 billion) of homes, roads and businesses are at risk.

Phyllis Tubby bought her home 20 years ago so she could live near the sea. Now, the cliff is just a few yards from her fence. A nearby house is worth one pound, and three doors away Diana Wrightson has closed her tea shop.

Posted by ben @ 03:59 PM (455 views)
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2 Comments

1. nearly30 said...

Now that's what i call a housing crash!!

Weird article though for HPC. Nothing new - could have been written by William Caxton (15thC - History fans!)

Just nowadays we blame everything on the spectre of Global Warming - ooohhhh!!!!!

It's classic coastal erosion stuff - I know lets blame the Govt. - oh no says the Govt. - we blame Global Warming!!

Rubbish!! What's Phyllis worried about - she wanted to be by the sea. Dizzy mare!

Thursday, November 16, 2006 11:21PM Report Comment
 

2. Boarder said...

Hey with Global Warmenising (stop Gore coming here and freezing the country up like he's doing in Oz) we can all have a proper Beach house.

I'm amazed that so many shivering British people think
a) Warm = Bad.
b) People have anything to do with the climate.
c) Airborne Plant Food (CO2) is a pollutant.
d) Computer models of the climate that get next weeks weather wrong, can predict 100 years ahead.
e) 0.03% of the atmosphere can do much.

Friday, November 17, 2006 12:07PM Report Comment
 

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