Whether or not I actually feel much sympathy for her depends on:
– How much did she pay for the house?
– How long has she lived there?
– How known was the risk when she bought it?
If she bought it a year ago, massively reduced because it’s about to fall into the sea, I don’t have much sympathy to be honest. If it were her childhood home or she bought it 30 year ago and there was nothing to indicate that this would happen, then I feel really sorry for her.
But, also, they’ve said it’s a £375,000 home but it’s not – if it’s about to fall into the sea, it’s not worth squat.
Edit: I’ve done some digging. Her parents bought it in 2001 for about half the price that other properties in the town were going for because of the coastal erosion issue. The (three bedroom, similar) properties at risk were going for around £70,000-£85,000 and the one not at risk were £130,000-£170,000. Ultimately, that means that she’s known for the last 22 years that this would happen and only has the property at all because her parents bought it on the cheap (because they knew it wouldn’t last forever) and then she got it for free from them. It wasn’t her childhood home, given that she was 26 when it was bought by her parents. So, while it’s obviously a bit sad, I’m not too heartbroken for her given the full picture.
Edit 2: She also owns another property that she rents out.
> Her parents, Anita and Arthur Richmond, bought Beacon House in 2001 when it was over 670ft away from the cliff edge. They knew the property would not be around forever as the government decided not to upgrade local sea defences.
Honestly, it seems insane to buy a house a few hundred metres from a cliff edge and not to expect this to happen.
So she owns the land? Does that mean she will own a part of the beach when it drops down?? Like she can build the same property on the beach?
> She worries her family’s £375,000 three-bedroom property may be gone by the end of December as the village teeters on the edge.
Sell.
Take the £375,000 and move somewhere more stable.
You just know that anyone who sells their story to the mirror or the sun is gonna be a pathetic piece of shit
I wish we wouldn’t bail people out that buy houses like this. It’s one thing if it was bought 50+ years ago but you know the risks when it’s bought in post 2000. Even if it’s moved quicker than anticipated, it was always going to happen. It’s the same shit when people build on a flood plain, can’t get insurance and then ask for a hand out.
She owns another property, she can move into it when the tenancy is up. She got this house for free and got to live by the sea for a while, good for her.
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Whether or not I actually feel much sympathy for her depends on:
– How much did she pay for the house?
– How long has she lived there?
– How known was the risk when she bought it?
If she bought it a year ago, massively reduced because it’s about to fall into the sea, I don’t have much sympathy to be honest. If it were her childhood home or she bought it 30 year ago and there was nothing to indicate that this would happen, then I feel really sorry for her.
But, also, they’ve said it’s a £375,000 home but it’s not – if it’s about to fall into the sea, it’s not worth squat.
Edit: I’ve done some digging. Her parents bought it in 2001 for about half the price that other properties in the town were going for because of the coastal erosion issue. The (three bedroom, similar) properties at risk were going for around £70,000-£85,000 and the one not at risk were £130,000-£170,000. Ultimately, that means that she’s known for the last 22 years that this would happen and only has the property at all because her parents bought it on the cheap (because they knew it wouldn’t last forever) and then she got it for free from them. It wasn’t her childhood home, given that she was 26 when it was bought by her parents. So, while it’s obviously a bit sad, I’m not too heartbroken for her given the full picture.
Edit 2: She also owns another property that she rents out.
> Her parents, Anita and Arthur Richmond, bought Beacon House in 2001 when it was over 670ft away from the cliff edge. They knew the property would not be around forever as the government decided not to upgrade local sea defences.
Honestly, it seems insane to buy a house a few hundred metres from a cliff edge and not to expect this to happen.
So she owns the land? Does that mean she will own a part of the beach when it drops down?? Like she can build the same property on the beach?
> She worries her family’s £375,000 three-bedroom property may be gone by the end of December as the village teeters on the edge.
Sell.
Take the £375,000 and move somewhere more stable.
You just know that anyone who sells their story to the mirror or the sun is gonna be a pathetic piece of shit
I wish we wouldn’t bail people out that buy houses like this. It’s one thing if it was bought 50+ years ago but you know the risks when it’s bought in post 2000. Even if it’s moved quicker than anticipated, it was always going to happen. It’s the same shit when people build on a flood plain, can’t get insurance and then ask for a hand out.
She owns another property, she can move into it when the tenancy is up. She got this house for free and got to live by the sea for a while, good for her.