"In 2024, Eilen Stewart bought a house on a landslide. Honestly, we're priced out of a lot of the L.A. area. So when we saw this house in this amazing neighborhood it's safe. It's beautiful. It's got amazing school districts. I mean, it just seemed like this house is half the price that it should be. Of course, that's when we figured out that there's a reason that the house is this price."
"This is probably one of the largest active landslides with homes on it in the entire United States, if not the world. It's almost like a giant raft that's moving on this real slippery layer at depth. The movement has always been here. It's just been at an acceptable level. But once anything has started moving, it's very, very difficult to stop."
"Landslides generally aren't covered by insurance. So prior to the landslide, my house was based on Zillow and Redfin and all those was at approximately $2.1 million. It's been reassessed"
Portuguese Bend in Rancho Palos Verdes, California rests on one of the largest active landslides in the United States, with land moving as much as a foot per week during peak activity. Heavy rainfall in recent years has accelerated the landslide, cracking foundations and destroying homes. Despite these risks, some new homebuyers are purchasing properties at significantly reduced prices, viewing the discounts as opportunities to own coastal Southern California real estate. Longtime residents face difficult decisions, as landslides are typically not covered by insurance, and leaving would result in substantial financial losses. The geological movement occurs on a slippery subsurface layer and, once initiated, proves extremely difficult to stop.
Read at www.nytimes.com
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