Palos Verdes’ $15M Homes Are Sliding Into The Ocean

On the cliffs of Palos Verdes, some homes are worth $10, $15, even $20 million. They have ocean views, infinity pools, huge gardens, and everything you would expect from a California dream home. The problem is what's underneath them. The Portuguese Bend Landslide has been moving for decades, slowly pulling apart roads, utility lines, foundations, and entire sections of the hillside. In some areas, the ground can move several inches a month - and there are homes sitting directly inside the slide zone. What makes the situation even stranger is that many of these properties can't get normal insurance, new construction is restricted, and traditional financing can be extremely difficult. Meanwhile, homeowners and local agencies continue spending millions trying to slow down something that has never truly stopped. This is the story of what happens when some of California's most valuable real estate is built on land that refuses to stay still. And eventually, someone has to decide when it's no longer worth fighting the ground. #PalosVerdes #California #LuxuryRealEstate #Landslide #RealEstate #PortugueseBend #OceanfrontHomes