Or, "the clueless discover what it means to live with beach erosion along a flooded coastline"

Wealthy beach lovers left devastated as they're forced to slash price of luxury seaside homes by MILLIONS: 'It's unbelievable'

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.

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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.

Buried many paragraphs deep in this hysterical article about the “unpredictability” of this erosion can be found this nugget of reality:

Nantucket and Martha's Vineyard have among the highest rates of beach erosion statewide, according to the Trustees of Reservations State of the Coast 2021 report.

The report also cited parts of the south coast of Nantucket have receded as much as 1,800 feet since the 1800s. 

In fact, the natural forces of erosion have been going on since the earth was formed, and will continue to operate no matter how many Teslas are purchased by the rich. When I studied geology back in the early 70s, one of my professors loved to rant about the folly of building along the shores of barrier islands that constantly shift, grow, and shrink over time, or on cliffs exposed to the tremendous forces of the ocean, and expecting middle class taxpayers to subsidize and protect the rich from the consequences of their actions. That was before the global warming hysteria had heated up, of course, when it was still possible to conduct rational, objective discussions of geological forces and their role in shaping the earth. I miss those days.