"Maule Driver" wrote in

Just like we all pay for people to build homes on moving spits of sand (NC
outer banks) where we all KNOW that the homes will eventually be destroyed
by storm.


That is one slant, but here is another.

I know a guy that recently built a house on the end of one island that is
gradually, but regularly being consumed. He calculated the rate of loss of
land, the location, and the number of years it will take before the house is
consumed. He can get no insurance on it, so when it is gone, it is gone.
He will have paid for it by then by rentals, and make nearly a 100% return
on his investment. He gets a place to stay when he wants, and makes a good
chunk of change. No one else pays for it. Do you see a down side here?
--
Jim in NC


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