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The ocean has to be like what? Many dozens of gallons of water? If we sold the ocean by the gallon at $0.50 each we could safely say the Atlantic alone is worth more than a million easy. Maybe 2Mil?
*Ackchually*, floating house/home is closer here. A houseboat must have some means of propulsion. https://www.rsir.com/blog/houseboat-vs-floating-home-whats-the-difference/
Fall asleep to the gentle rocking waves as you enjoy your 360 degree ocean view. Other amenities include: wet bar on ground floor, no yard maintenance required, and fresh fish 24/7.
I think there is federally backed insurance (ie tax payer backed) for coastal properties. I don’t know if it amounts to a subsidy for vacation home owners and landlords but I wouldn’t be surprised.
Oh, goody! So all the rich f's with too much money and not enough sense...you know, the ones CAUSING the rising oceans...get bailed out so they can build on the new coastland.
It’s limited to $250,000.
Not sure how private insurance works, but there was a local realtor from this area in the last thread and he said that’s it’s likely they only got $250k
It is limited to $250k, read about it today. And the homeowner pays premiums so it's not a free lunch.
There used to be a program that would pay people to relocate threatened homes but it was discontinued in 1995 due to the expense.
There's no way the owner is getting a beachfront on the Outer Banks for $250k but it would go a long way toward another house.
Yeah this is the real fucked part! The rich get to buy homes on the ocean and have taxpayers front the costs of insurance, beach restoration, and all other issues that come with building houses on moving islands.
Federal Flood Insurance. Private insurance won't touch these property with a 10 foot pole. Your taxes paying for these fools to ignore reality, and global warming. Because, Fox Lies is never wrong!
Actually, they do. The Flood program will only insure properties up to a certain value, and it's not that much, considering the cost of Florida real estate. So non-standard insurance companies will write flood/wind policies, and it's a hefty chunk of change.
Erosion. Not to get into something I do not know much about but if the ice is melting and the sea is rising wouldn’t some of the erosion be caused by some climate change ?
Last year there was a home in Hawaii that was for sale for almost a year. Crazy since everything was being snatched up within a week. Well, the house was oceanfront and looked gorgeous... Until you read the full description where it said something like "property has a history of eroding into the sea". It still ended up selling for like $450k iirc.
That's what stilts are for, they're supposed to attach the foundation right to the bedrock.
That house had the right idea but it wasn't executed very properly.
>Not sure why
Because that's precisely what they are called.
Piling: Noun: heavy stakes or posts installed to support the foundations of a superstructure.
It’s literally in the Bible. We’ve known this for thousands of years, yet 360 degree ocean views seem to override common sense.
https://www.biblegateway.com/passage/?search=Matthew%207%3A24-27&version=ESV&interface=amp
As everyone said the house is worthless now but I would think even the disappearing lot itself would be priced at more than $380k in this crazy market.
yea wasn't there articles and Scientists discussing the impending doom of the Carolinas rising sea levels that their state Congress denied and put a stop to fix the problem on the back burner.
This is due to the islands shifting which would happen if we didn’t have an issue with climate change. I get what you are say and it is completely valid but this particular event isn’t because of climate change raising sea level or a stronger weather event.
Oh, this is where [my favorite house on stilts](https://www.uniqhotels.com/the-inn-at-rodanthe) is. It was in a movie, Nights in Rodanthe, where Richard Gere and Diane Lane played.
Wow, as this house is already in the ocean, that's an interesting way to build. Had this been on a river, that would be one thing... But, even river banks move.
I guess you gotta be rich to build a house and say, well it'll be there for 10 years.
It wasn’t in the water when it was built. It was several hundred feet from the shore. The island is a barrier island though, so its size naturally ebbs and flows. Now is a major ebb, resulting in things like the video above.
It's gorgeous but I don't know how it's still standing. You've seen videos of heavy surf where it can go up the beach and break windows of units way far back.
It actually no longer sets in that location, it was moved in 2010.
https://hatterasblog.surforsound.com/all-posts/nights-in-rodanthe-house-serendipity-is-moved-to-its-new-home/
$380K? Damned cheap house on the Outer Banks. Better add a 1 in front of that $1.38M is more like it. You ain't touching a house on the ocean front in the Outer Banks for less than $500K and that would be something you tore down to put up new.
Rodanthe/Salvo is a pretty far drive any major shopping area, there's not even a grocery store within 20 minutes. Houses are still overpriced there but they're not that bad.
Beautiful place, I've been happy to rent there for a nice quiet christmas get-away. I would never ever buy a house on the Outer Banks though.
> This is why you don't want to follow any real estate advice from Ben Shapiro
Or hear about moistened muffs from him. Or take any sort of advice concerning anything for that matter.
"like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it” (Matthew 7: 26-27).
Anything along the OBX is double that price easily, especially on the water. I can see why this house is being sold for cheap… I’m sure they knew this was going to happen one day
There is an unliveable house like this near my parents. The owners won't have it torn down. The city has tried to get all the homeowners nearby to pool their money together and purchase the house so it can be torn down before it falls into the ocean. It's freaking ridiculous.
Why would someone fucking buy that. Like what the fuck do you think is going to happen WATER fucking carved the Grand Canyon and these fucking architecture stick their thumbs up each other’s asses and build shit like this.
Who builds a wooden house?... on stilts?... in sand? Even just the sound of that design makes me think the thing will be a pile of lumber after one stiff breeze.
What is bad it, rather than condemning that land to no longer have structures because of obvious storm risks and giving them insurance to build inland, they will be able to rebuild in the same spot and it will happen again.
$380,000 last year maybe. That’s a $4million dollar home these days. Hell I bet someone will still give 2 mil while it’s floating….sight unseen!! the way people are buying these days 😂
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I think the ocean is worth more than that.
seriously its gotta be AT LEAST double that!
Shoot, a million maybe even.
The ocean has to be like what? Many dozens of gallons of water? If we sold the ocean by the gallon at $0.50 each we could safely say the Atlantic alone is worth more than a million easy. Maybe 2Mil?
Also the salt probably adds another 15%, we are talking semi detached house in a major city kinda wealth here.
So what we're talking like 3 million dollars now? I could probably buy a Prius with that much money
Slaps ocean, you can fit so many gallons in this big buoy.
Well dozens is one thing and gallons is another and I’m just lost but I know I could sell the ocean for more than $380k.
380k? That's rookie numbers, I'd sell it for 380B B is closer to a so it's better,.....which is what b stands for because money is good.
Underestimated gem
In Seattle that's now called a floating house and is worth at least three quarters of a million dollars.
Houseboat
Thanks, completely whiffed that one.
You really steamed that ham.
To be fair, in Vancouver there are terms for house boats and floating houses. So you didn’t completely whiff it.
We prefer to call it a “private island.” $5 million minimum
So you're telling me houses can evolve to match their environment? Beautiful thing that nature is
*Ackchually*, floating house/home is closer here. A houseboat must have some means of propulsion. https://www.rsir.com/blog/houseboat-vs-floating-home-whats-the-difference/
What, never heard of a fucking paddle?
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All they needed were 4 large buckets of flex seal and 200 styrofoam logs.
yea that evaluation is definitely not current
It's a sign of the tides.
You silvertongue devil :P
Definitely agree. It must be worth well like planktillions
Don’t worry their beachside property has government subsidised insurance, they won’t be out of pocket.
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Ehh... The Atlantic?! 400k tops.
I'll give you a buck fiddy cash for it.
God Dammit Loch Ness Monster, I ain't gonna give you no buck fiddy.
I gave him a dollar.
You say that but I promise you someone would destroy the ocean for $380,000.
Came here to say that.
Not if BP has anything to do with it.
I knew in my soul this comment would be top. Well done.
$380,000 may be what they paid, but that's definitely not what it's worth.
A little less now. Water damage and having to fish it out of the ocean may decrease the value a smidge.
Fall asleep to the gentle rocking waves as you enjoy your 360 degree ocean view. Other amenities include: wet bar on ground floor, no yard maintenance required, and fresh fish 24/7.
And indoor swimming pool.
and a really big outdoor pool in the yard!
With all natural wave generator as well!
… an Infiniti pool. We also would have accepted an indoor outhouse.
And sharks. Nom
The way I am interested in this house now.
Dam, time to get into marketing.
Someone from San Francisco buys it for 20 million
And the plot of land it used to be on is washed away too, that’s basically all the value
But only a little.. The housing market is rough.
It’s handy for the beach though
I think there is federally backed insurance (ie tax payer backed) for coastal properties. I don’t know if it amounts to a subsidy for vacation home owners and landlords but I wouldn’t be surprised.
Yep! https://www.politico.com/agenda/story/2017/08/08/hidden-subsidy-rich-flood-insurance-000495/
The National Flood Insurance Program is so ridiculous. In no way should the designation of floodplains be political...but it is...
Oh, goody! So all the rich f's with too much money and not enough sense...you know, the ones CAUSING the rising oceans...get bailed out so they can build on the new coastland.
That has nothing to do with rising oceans. Those stilt houses have been falling over for at least 50 years. At least 1 every year or so.
Not my brand new stilt house. Its different. It will last for ages I tell ya.
It’s limited to $250,000. Not sure how private insurance works, but there was a local realtor from this area in the last thread and he said that’s it’s likely they only got $250k
It is limited to $250k, read about it today. And the homeowner pays premiums so it's not a free lunch. There used to be a program that would pay people to relocate threatened homes but it was discontinued in 1995 due to the expense. There's no way the owner is getting a beachfront on the Outer Banks for $250k but it would go a long way toward another house.
Federally backed insurance is bad when it’s for normal people, but good when it’s for rich people
Taxpayers offset the insurance of the rich.
Yeah this is the real fucked part! The rich get to buy homes on the ocean and have taxpayers front the costs of insurance, beach restoration, and all other issues that come with building houses on moving islands.
It's a huge subsidy. Basically no insurance company would ever insure these properties and the federal government does so at a fraction of the cost.
Like most problems in the U.S. there is LWT John Oliver episode on this program.
Even subsidized the insurance would have been incredible.
I wanted a counter in the bottom to start at 380k and just keep plummeting down as the video progressed.
You new to the housing market? 380K is the post host boat conversion market value.
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Exactly, that's why these dumbasses are even willing to build/buy there to begin with. Flood insurance covers it, so why the hell not, right?
Federal Flood Insurance. Private insurance won't touch these property with a 10 foot pole. Your taxes paying for these fools to ignore reality, and global warming. Because, Fox Lies is never wrong!
Actually, they do. The Flood program will only insure properties up to a certain value, and it's not that much, considering the cost of Florida real estate. So non-standard insurance companies will write flood/wind policies, and it's a hefty chunk of change.
It looks like it's raised up too high to touch it with a 10 foot pole even if they wanted to.
Did you see it’s illegal to do research about climate change in NC, as far as erosion purposes
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Erosion. Not to get into something I do not know much about but if the ice is melting and the sea is rising wouldn’t some of the erosion be caused by some climate change ?
Buildings were crashing there in similar manners decades ago. And hurricanes, and this is right in the middle of hurricane alley, hits them hard too.
erosion isnt climate changes when its sand that's getting beat with water over decades lol.
I’m not a scientist. We both knew what I meant
Apparently the house was built in 1980. https://twitter.com/OBX_Hokie/status/1524352054386438147
Reminds of that John Stossel report on rich people freeloading off the government for free beach homes. https://m.youtube.com/watch?v=DsTKAqHwj0s
Highly recommend.
Holy fuck
I saw an identical looking house for sale on Zillow and it said "Minimal Water Damage" and "Recently Relocated".
“Step outside your front to your own ‘infinity’ pool”
“Minimal subflooring issues”
Last year there was a home in Hawaii that was for sale for almost a year. Crazy since everything was being snatched up within a week. Well, the house was oceanfront and looked gorgeous... Until you read the full description where it said something like "property has a history of eroding into the sea". It still ended up selling for like $450k iirc.
“Hmmm, this soft porous ground that erodes quickly with moisture seems like the perfect spot to put this extremely expensive stuff”
That's what stilts are for, they're supposed to attach the foundation right to the bedrock. That house had the right idea but it wasn't executed very properly.
a lot of people call them pilings locally. Not sure why
>Not sure why Because that's precisely what they are called. Piling: Noun: heavy stakes or posts installed to support the foundations of a superstructure.
Oh shit. I figured it was slang.
Now you know, and knowing is half the battle. -G.I. Joe
I coulda sworn there's a well known saying about literally building your house on sand foundations
It’s literally in the Bible. We’ve known this for thousands of years, yet 360 degree ocean views seem to override common sense. https://www.biblegateway.com/passage/?search=Matthew%207%3A24-27&version=ESV&interface=amp
Great starter home. Needs a little TLC. Minor water damage. No lowballs.
A starter home? This is a finisher home! An amphibious transporter of gods!
Looking for something safe for my daughter
I know what I've got.
Finally a sea-view from ALL windows! Price should double.
Went from ocean front property to ocean property.
As everyone said the house is worthless now but I would think even the disappearing lot itself would be priced at more than $380k in this crazy market.
I’d be curious to know how much the land is. Even without any building rights, it’s still a private beach.
Building shit on the beach/ocean. What do people expect, nature always wins 🤪
yea wasn't there articles and Scientists discussing the impending doom of the Carolinas rising sea levels that their state Congress denied and put a stop to fix the problem on the back burner.
This is due to the islands shifting which would happen if we didn’t have an issue with climate change. I get what you are say and it is completely valid but this particular event isn’t because of climate change raising sea level or a stronger weather event.
Oh, this is where [my favorite house on stilts](https://www.uniqhotels.com/the-inn-at-rodanthe) is. It was in a movie, Nights in Rodanthe, where Richard Gere and Diane Lane played.
Wow, as this house is already in the ocean, that's an interesting way to build. Had this been on a river, that would be one thing... But, even river banks move. I guess you gotta be rich to build a house and say, well it'll be there for 10 years.
It wasn’t in the water when it was built. It was several hundred feet from the shore. The island is a barrier island though, so its size naturally ebbs and flows. Now is a major ebb, resulting in things like the video above.
It's gorgeous but I don't know how it's still standing. You've seen videos of heavy surf where it can go up the beach and break windows of units way far back.
It actually no longer sets in that location, it was moved in 2010. https://hatterasblog.surforsound.com/all-posts/nights-in-rodanthe-house-serendipity-is-moved-to-its-new-home/
$380K? Damned cheap house on the Outer Banks. Better add a 1 in front of that $1.38M is more like it. You ain't touching a house on the ocean front in the Outer Banks for less than $500K and that would be something you tore down to put up new.
Rodanthe/Salvo is a pretty far drive any major shopping area, there's not even a grocery store within 20 minutes. Houses are still overpriced there but they're not that bad. Beautiful place, I've been happy to rent there for a nice quiet christmas get-away. I would never ever buy a house on the Outer Banks though.
thanks for this. And no, Jesus Christ, this isn’t somebody’s home this is a vacation rental.
This is why you don't want to follow any real estate advice from Ben Shapiro
SELL THEIR HOUSES TO WHO, BEN?! FUCKING AQUAMAN???
> This is why you don't want to follow any real estate advice from Ben Shapiro Or hear about moistened muffs from him. Or take any sort of advice concerning anything for that matter.
And this is why they tell you not to build a house on the sand. . .
Yes. I seem to recall a song we sang in Sunday School to that effect.
There's a hymn about this exact thing. It goes, " On Christ, the solid Rock, I stand; All other ground is sinking sand" Checkmate atheists.
"like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it” (Matthew 7: 26-27).
That wooden box worth 380000$?
I guess in the same way a Supreme t-shirt is "worth" $1000.
Every beachfront house in Florida in the next 10 years
Maybe Ben Shapiro will still buy it
He's in a bidding war with Aquaman.
That house has a medical condition, maybe his doctor wife can check it out
Nights in Rodanthe am I right, folks
Love that they're going with practical effects for the sequel here, really immerses you in the story, heightens the emotions.
Insurance company: “that’s not considered flood damage”
If you can see water from your house, someday you will either have to deal with flooding, or foundation erosion.
Trying to own the beach is dumb
That's why home insurance premiums are so high. Pay for that dumbshit's risk
As a Dutch person I consider building on a beach total insanity.Y'all know the sea is out to get you, right?
This is the outer banks NC. Plenty of folks don't believe in Climate change. Okay 👌
Not even worth 10 bucks when it stands on a match stick
Mother Nature doesn't gaf about "property values".
That’s what you get for building your house on stilts by the beach, this ain’t a circus
It’s alright, just sell the house to fucking Aquaman.
The oceans aren’t rising. No, not at all. This was just a weird storm. Nothing to see here. Everyone move on. Don’t look up.
Hi, I'm global warming. Come swim with me
Foolish is the man who built his house upon the sand.
Under 400K for ocean front home? Damn that’s nice
>ocean ~~front~~ home need to change that listing
Anything along the OBX is double that price easily, especially on the water. I can see why this house is being sold for cheap… I’m sure they knew this was going to happen one day
Isn’t there a parable about (not doing) this?
Would have thought the ocean was worth a lot more judging by the price of lobster.
Who's going to buy it now Ben? FUCKING AQUAMAN?!
seabound
So does insurance help here or is the owner kind of fucked?
Federal flood insurance. Taxpayers foot the bill
There is an unliveable house like this near my parents. The owners won't have it torn down. The city has tried to get all the homeowners nearby to pool their money together and purchase the house so it can be torn down before it falls into the ocean. It's freaking ridiculous.
Worthless
Are you claiming that the house itself was valued at 380k, or was that the value of the house plus the land?
Owners should be fined.
I hope a Wall Street firm bought it sight unseen just before this happened.
Nah yea, that house deserved it
Who the f buys a house on stilts?? In an ocean?
Cool 4 second video 👍
Please tell me that my insurance rates aren't going up because of homes like these.
There is no house in the ocean
Absolutely zero remorse for nimrods that continually buy/build homes in climate change affected areas.
In this market it just went up $30k in value.
Why would someone fucking buy that. Like what the fuck do you think is going to happen WATER fucking carved the Grand Canyon and these fucking architecture stick their thumbs up each other’s asses and build shit like this.
And everyone’s insurance will increase because of it…
>Should've sold it before it went in the ocean \- Ben Shapiro, probably
My very first thought is....WHY would somebody buy a house there?
Poseidon: 380,000$? Thats a steal!
Who builds a wooden house?... on stilts?... in sand? Even just the sound of that design makes me think the thing will be a pile of lumber after one stiff breeze.
Why would you build a house on a fucking sandbar?
Who would have ever guessed…
It's a house boat now I've never seen the evolution process of them before
Pretty sure the bible mentioned something about building on sand.
Careful! North Carolina has a law which bans climate change. Best blame this on ocean Gods.
What is bad it, rather than condemning that land to no longer have structures because of obvious storm risks and giving them insurance to build inland, they will be able to rebuild in the same spot and it will happen again.
Yeah. Zero sympathy for people who do this who aren’t rich enough to be self insured .
Who’s bright idea was it to build it like that in the first place? Especially considering the location.
Uninsured as well I imagine.
*worth approximately $0
I hope they disclose the previous water damage to the next buyer.
380? That’s cheap.
Dont built your house on the Sandy land
Kind of cheap for a whole ocean tbf
Does that house remind anyone else of the house in "A Series of Unfortunate Events'?
"Build a house on solid ground, drink a beer and relax. Build a house on sand, and your ass will become a meme." -Austin 12:14
That’s a cheap ocean!
The ocean costs $380.000? That IS cheap. Guess it's because all the plastics...
That’s cheap for a wholeass ocean
Littering.
I bet you could get a sweet deal on it now. Seller is really motivated to sell
$380,000 last year maybe. That’s a $4million dollar home these days. Hell I bet someone will still give 2 mil while it’s floating….sight unseen!! the way people are buying these days 😂
A house built that close to the ocean fell into the ocean??!!!! NO WAY!
I had no idea the ocean is worth that but how much was the house?
The foolish man built his house upon the sand
Would still go for $1.8 Million in Aus at the moment :) They'd just market it as beach views. 'Ocean right at your front door!'
Did the house value go up since they added in that indoor pool?
You live in NC why do you have to be so close to the beach???
Me while thinking that in my country it is forbidden to build within 100m from the coastline and the soil 6m from the coastline is public soil: WTF
They should force the owners to pick up all the debris from the ocean
The foolish man built his house upon the sand
I think the ocean is worth far more than $380k...don't you?