Homes and erosion
Discussion
It is tragic to see how peoples homes have been wiped out by erosion but did these people realise originally that what they was buying into was maybe a bit too good to be true?
Surveys surely would have expressed the risks?
I'm not sure whether the insurance coverage over the years was available, surely an indication to get the hell out of there!
Are homes being built in vulnerable areas anymore? I know in the North Cornwall area I've seen homes on cliff faces.
Surveys surely would have expressed the risks?
I'm not sure whether the insurance coverage over the years was available, surely an indication to get the hell out of there!
Are homes being built in vulnerable areas anymore? I know in the North Cornwall area I've seen homes on cliff faces.
Cornwall is dominated by granite which is more resilient than sand/sandstone/greensand in areas in Eastern areas.
I suppose people who bought homes didn't expect the rate of erosion or just expected some intervention from Councils/Govt/EA etc.
But you're partly right. Too many people buy homes by rivers and complain when it floods.
I suppose people who bought homes didn't expect the rate of erosion or just expected some intervention from Councils/Govt/EA etc.
But you're partly right. Too many people buy homes by rivers and complain when it floods.
They have surveys done and they are told that it "should" be fine for 25 years.
But then you get some bad storms and sorry it's gone!
No they won't be covered by insurance.
It's a gamble.
The village I live in on the Suffolk coast has a 25 year line through it, to the east of it you can't get a mortgage.
I'm the wright side of it by a good margin.
But then you get some bad storms and sorry it's gone!
No they won't be covered by insurance.
It's a gamble.
The village I live in on the Suffolk coast has a 25 year line through it, to the east of it you can't get a mortgage.
I'm the wright side of it by a good margin.
vikingaero said:
Cornwall is dominated by granite which is more resilient than sand/sandstone/greensand in areas in Eastern areas.
I suppose people who bought homes didn't expect the rate of erosion or just expected some intervention from Councils/Govt/EA etc.
But you're partly right. Too many people buy homes by rivers and complain when it floods.
To be fair I've not seen anyone complaining or demanding action from authorities but I honestly look at the situation and think did you honestly not realise?I suppose people who bought homes didn't expect the rate of erosion or just expected some intervention from Councils/Govt/EA etc.
But you're partly right. Too many people buy homes by rivers and complain when it floods.
I am finding with my parents they fail to listen and get the hint sometimes when they make financials decisions e.g the silly car depreciating, overpriced holidays to s
te destinations, overpaying for building work. So maybe there is a bit of this and blinkered vision with people when they buy these properties.
Same issue with river erosion as well.
River erosion isn't in the remit of authorities such as the EA or NRW to deal with, unless it's to do with erosion of a flood defence asset they maintain such as an embankment or wall.
It's staggering how many people (in South Wales especially) buy houses backing on to rivers without knowing their rights and responsibilities as riparian owners. I've had to tell many people that no, the retaining wall that was holding up your garden is unfortunately yours to deal with and should've been maintained by you.
Crazy how little people research into the largest purchase they'll ever make, all I'll say is don't buy a house by a river.
River erosion isn't in the remit of authorities such as the EA or NRW to deal with, unless it's to do with erosion of a flood defence asset they maintain such as an embankment or wall.
It's staggering how many people (in South Wales especially) buy houses backing on to rivers without knowing their rights and responsibilities as riparian owners. I've had to tell many people that no, the retaining wall that was holding up your garden is unfortunately yours to deal with and should've been maintained by you.
Crazy how little people research into the largest purchase they'll ever make, all I'll say is don't buy a house by a river.
vikingaero said:
Cornwall is dominated by granite which is more resilient than sand/sandstone/greensand in areas in Eastern areas.
.
True but there has been lots and lots of erosion in Cornwall in the last few years, landslides every year and many reroutings of the coastal path into fields as its falling into the ocean. .
MightyBadger said:
vikingaero said:
Cornwall is dominated by granite which is more resilient than sand/sandstone/greensand in areas in Eastern areas.
.
True but there has been lots and lots of erosion in Cornwall in the last few years, landslides every year and many reroutings of the coastal path into fields as its falling into the ocean. .
sunnyb13 said:
Often bought at discounted rates - so treat it as a long term rent instead of a purchase.
Yup. Basically akin to a short dated lease deal. The key lies in getting the correct discount and the bonus being if it doesn't fall into the sea by the calculated date. Can make excellent holiday rentals, if like a short dated lease, the yield is sufficient to return the capital well within the period and deliver a return on top.
The problem in recent years, just like urban short dated leases has been that retail punters have been bidding values way beyond sensible investment prices.
DonkeyApple said:
Yup. Basically akin to a short dated lease deal. The key lies in getting the correct discount and the bonus being if it doesn't fall into the sea by the calculated date.
Can make excellent holiday rentals, if like a short dated lease, the yield is sufficient to return the capital well within the period and deliver a return on top.
Or if the holiday makers don't burn the uninsured property down within a year of you owning it!Can make excellent holiday rentals, if like a short dated lease, the yield is sufficient to return the capital well within the period and deliver a return on top.
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