this post was submitted on 16 Jun 2024
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I guess these houses are not insurable, so there are people for whom losing a $600,000 house is just "oh well, it was fun while it lasted." Or maybe when the sea reaches the back door this guy will be able to sell it to someone with the same attitude and $200,000.
Yeah, there are people wealthy enough that they're ok paying something like that for what is essentially a rental.
There was an old man from Nantucket...