Palos Verdes' $20M Cliff Mansions Are Sliding Into the Pacific — And the City Cut Their Power
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Palos Verdes' $20M Cliff Mansions Are Sliding Into the Pacific — And the City Cut Their Power
45 653 просмотра · 3 дня назад
Mansion Alert
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45 653 просмотра · 3 дня назад
Two years after Southern California Edison shut off power to 140 homes on the Palos Verdes Peninsula, one Rancho Palos Verdes neighborhood is still dark, and the landslide beneath it just slowed below the line that could bring the lights back.
In September 2024, the ground beneath Portuguese Bend was moving up to 13 inches a week toward the Pacific. Gas lines broke, a brush fire started, and Edison cut power indefinitely. This investigative real estate documentary follows what happened next: the insurance gap, the property values, the FEMA buyout, the deep wells that slowed the slide, and the question every coastal homeowner should ask. What is a house worth when it can't be plugged in?
Time Stamp :
0:00 The power shutoff
0:40 What's really at stake in Rancho Palos Verdes
1:35 Why the hillside is moving
2:55 From gas shutoff to blackout
5:45 The money problem: insurance, prices, buyouts
7:55 What the city has actually done
10:30 Can these homes stay viable?
11:00 Beyond one neighborhood
11:50 What to watch next
#Mansionalert #LuxuryRealEstate #RealEstateCrisis #Mansions #CoastalErosion #InsuranceCrisis #Geology #Documentary
WHAT WE COVER
Mansion Alert follows expensive property where the ground, the water, or the power grid stops cooperating, and tracks the money to see who's left holding the risk. Subscribe and turn on notifications to catch the next investigation.
/ @mansionalert
QUESTION FOR YOU
Should the state backstop landslide insurance for homes like these, or is that a risk owners have to carry themselves? Tell us in the comments.
DISCLAIMER
This video is for informational and educational purposes only. It is not legal, financial, real estate, or insurance advice.