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Sea Level Rise Eroding Home Value, And Owners Might Not Even Know It

"CHARLESTON, S.C. — Elizabeth Boineau’s 1939 Colonial sits a block and a half from the Ashley River in a sought-after neighborhood of ancient live oaks, charming gardens and historic homes. A year ago, she thought she could sell it for nearly $1 million. But after dropping the price 11 times, Boineau has decided to tear it down.

In March, the city’s Board of Architectural Review approved the demolition — a decision not taken lightly in Charleston’s historic district.

“Each time that I was just finishing up paying off the bills, another flood would hit,” Boineau said."

John Tibbetts and Chris Mooney report for the Washington Post August 20, 2018.

Source: Washington Post, 08/22/2018