Monday, December 29, 2014

Houses falling into the sea and their misleading tag line

Properties worth a total of £1bn will fall into the sea because of coastal erosion over next century

If the article was worded less sensationally as 70 houses per year will fall into the sea over the next 100 years nobody would be interested. Plus their average value is only 142K at the valuation given and reflects their precarious position and may even be worth the gamble for retiring baby boomers etc.

Posted by enuii @ 11:41 AM (3074 views)
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3 thoughts on “Houses falling into the sea and their misleading tag line

  • Once you get a reasonably accurate estimate for how long it will take for it to fall into the sea, the price adjusts down accordingly. Much like a house with a short lease. Not a problem. We can only hope that the government doesn’t cave and arrange some sort of compensation scheme. If anything, they should be hiking up council tax on any home that gets free government flood defence. Of course the exact opposite is happening, with a subsidy for those at such risk of flooding that the private sector won’t insure.

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  • I bet the government love costal erosion as it reduced the number of rural properties, which they have been trying to destroy since 1955.

    Joy for Londoners as more upward pressure put on prices.

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  • This is total BS seeking government grants.

    The sea levels ARE NOT rising.

    I recently spoke with the harbour master in Christchurch, Dorset. He told me that they are constantly being told that levels are rising, but his measurements and those of his predecessors show that sea levels haven’t budged an inch in decades. He thanked to goodness for not following the greenies in the New Forest who accepted calls to abandon sea defences due to projected inundations. The New Forest coastline is as a result in a horrid state, whilst the seashore along Christchurch is in wonderful condition.

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