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Reply to "This is my dream beach home"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Uh, enjoy climate change. You have to be legit mentally ill to buy something on a beach or barrier island. [/quote] My parents bought a home in OCNJ over 30 years ago. My dad always said that one day the ocean would reclaim the house. :-o In any event, at least there's constant maintenance to combat erosion. [/quote] Yeah, but that maintenance is getting more and more expensive and laborious and the insurance companies are not going to keep paying much longer. Banks are already pulling back on 30 year mortgages in places like Hilton Head. I'd be very happy to know someone who had a house like that, and if I had a house like that, I'd be planning an exit that left me financially well off enough to continue renting or whatever in the area, but no way would I buy anything significant in that area of Jersey or Delaware.[/quote]
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