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California

BlueWaveNeverEnd

(14,207 posts) Tue Mar 17, 2026, 07:40 PM Mar 17

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

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.

16 replies

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Highlight:

couple KNOWINGLY paid $1.3 million for house in Palos Verdes landslide area...because it was 50% of value [View all] BlueWaveNeverEnd Mar 17 OP

An adage comes to mind PJMcK Mar 17 #1

so true in this case. BlueWaveNeverEnd Mar 17 #2

Insurance? Probably an exemption for landslides, If they can get it. Norrrm Mar 17 #3

no insurance company would insure a home in that condition. BlueWaveNeverEnd Mar 17 #4

No such thing as landslide insurance on regular Klarkashton Mar 17 #6

If the land your home is on is moving 1 foot per week your house is gonna be gone. Botany Mar 17 #5

true. they can kiss that 1.3M goodbye. Only hope is California gov coming to the rescue.. BlueWaveNeverEnd Mar 17 #7

Salvage what you can from the homes and then bulldoze the rest and make it a sheep ranch, raise figs, and Botany Mar 17 #8

I see TV ads promoting a "free money" app BigmanPigman Mar 17 #9

new owners is a couple, husband and wife. the guy pictured in the thumbnail is a long time owner BlueWaveNeverEnd Mar 17 #10

My error. BigmanPigman Mar 17 #12

the old guy pictured in the thumbnail is a long term owner, a one man army fighting against the landslide. BlueWaveNeverEnd Mar 17 #11

Fuck. With a view like that must be, I'd buy it for $100k. 3Hotdogs Mar 18 #16

I feel the earth move under my feet .., usonian Mar 17 #13

I feel the walls come tumbling down BlueWaveNeverEnd Mar 17 #14

Trump National Golf Club Rancho Palos Verdes, CA usonian Mar 17 #15