(are these people nuts, or is there some kind of scam here?)

LA Times: No one wanted this Long Beach home until waves crashed into its living room

"...A Long Beach Peninsula home that failed to sell for $4.95 million before being red-tagged after October’s storm is now listed for $2.9 million — and drawing developer offers.
Investors see opportunity in storm-damaged coastal properties as high interest rates and construction costs squeeze projects, even as erosion and a potentially severe El Niño raise the risks...."

https://www.latimes.com/california/story/2026-11-06/long-beach-home-damaged-waves-for-sale

#realestate #elnino #CAwx