(are these people nuts, or is there some kind of scam here?)
LA Times: No one wanted this Long Beach home until waves crashed into its living room
"...A Long Beach Peninsula home that failed to sell for $4.95 million before being red-tagged after October’s storm is now listed for $2.9 million — and drawing developer offers.
Investors see opportunity in storm-damaged coastal properties as high interest rates and construction costs squeeze projects, even as erosion and a potentially severe El Niño raise the risks...."
https://www.latimes.com/california/story/2026-11-06/long-beach-home-damaged-waves-for-sale
@ai6yr
The erosion caused by climate change, the Kelvin wave and many hurricanes this year can't be reversed. The Los Alamitos Bay side, has calmer waves and boat slips.
People will always be attracted to the views and appeal of water on sunny days.