"The prices were always far beyond my reach. So this particular house came into my price range due to the erosion issue. So I said, well, let me see what I can do, if I can make it happen. Life's too short. People think I'm crazy. Well, I could walk out of the door tomorrow and get hit by a car." David Moot reflects on the unique circumstances leading him to purchase his dream oceanfront home despite inherent risks.
"In North Carolina, 10 houses have fallen into the Atlantic since 2020 in an eroding stretch of the Outer Banks, including three in the last week. The area has seen some of the most rapid rates of erosion and sea level rise on the East Coast. At least a dozen more homes there are in danger of collapse." This highlights the severity of coastal erosion impacting numerous homes.
"Moot, 59, bought a three-bedroom, two-bathroom bungalow with sweeping views of the Atlantic Ocean for just under $400,000... Experts say it could fall into the ocean within 10 years." Despite the potential for loss, Moot sees intrinsic value in his investment.
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