corhocysen

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atomicthumbs
@atomicthumbs

a neighborhood of Rancho Palos Verdes, the richest retirement town in the country, is sliding into the ocean. the area was mapped as a landslide complex before 1950. later in the 50s, homes were built on top of it.

in 1956, the county started building a road at the top of the slide, which involved depositing sediment onto the upper slope and also dumping hundreds of thousands of gallons of water onto it. this water immediately made its way to the bottom of the landslide and lubricated it, moving 3-4 inches a day at some points. the residents sued the county and won $10,000,000. occupied homes later got water and sewage lines run to them, above ground due to the earth movement.

now, residents of the homes (average sale price in area $1,540,000) are complaining to the media because, as the neighborhood's begun to move again at speeds of up to a foot a week, and the power and gas companies have turned off service because it's profoundly unsafe. the mayor has appealed to elon musk for help

Thankfully, this blog focuses on what's really important: property values. Which have declined "30-60% from highs."

The Portuguese Bend Club recently had their paddle tennis courts demolished thanks to major movements rendering the courts unusable.

Situated in the bucolic equestrian community of Portuguese Bend, this property is located in an active slide area where there is a moratorium in place by the city of Rancho Palos Verdes that restricts any improvement to the property except for repairs. This one-level home has a wonderful floor plan with a formal entry, beamed ceilings, two fireplaces, hardwood floors, family room and primary bedroom but needs work and there is little that can be done in the foreseeable future in regards to remodeling the interior. The city will issue no permits and will examine any requests to do repairs to make sure they are absolutely necessary for the safety and protection of the structure.

Listing Type: Sold
List Price: $895,000
Days On Market: 3

Please note that the real estate markets in these communities are fluid, both literally and figuratively, and that buying/selling real estate in a landslide zone is incredibly speculative.



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in reply to @atomicthumbs's post:

reminded of the floods we had in britain a few years ago where a bunch of new build housing estates got built on a flood plain and people were surprised pikachu when the flood plain had floods on it

the most striking thing I remember was when the news had aerial footage shot from a helicopter while the voiceover talking about how unforseeable it was that these suburbs got flooded out but in the middle of the floodwaters was a little island with a medieval village and church and the water came up to the edge of the village and no further, and all the buildings that got flooded were built in the last century

I wonder why those particular buildings stood the test of time

a real mystery

I remember the government was going to declare a new area to be a flood zone and so all the property developers were rushing to get houses started because after the declaration they wouldn't be able to build anything there but anything started before would be grandfathered in.

How does buying a house on land that's moving even work. Like, I assume they have a land registry over there that records ownership on a map. How do you deal with your house and garden physically moving outside those boundaries. Do you own the actual soil that was in those boundaries before the slide, in those boundaries on purchase date, or whatever is in it on a given moment? If your house travels too far are you now inadvertently littering

I would assume the property boundaries are defined based on surveying definitions that don't physically move in regards to the rest of the world, so if you buy this property, your house is leaving and the neighbor up the hill's house will be trespassing soon