31 Aug '14, 12pm

Do not buy oceanfront property

Do not buy oceanfront property

T he Canadian couple on my television screen tours a small home on the north shore of the Dominican Republic. The couple, on HGTV’s Beachfront Bargain Hunt , are hoping to buy a vacation home for $300,000 or less — something in a secure neighborhood and with an ocean view. This home looks ideal, with a modern kitchen and infinity pool, the back gate just feet from the ocean. What’s never mentioned are the piles of sandbags sitting between the back fence and the high-tide line. Does the house flood during storms? During exceptionally high tides? Is the ocean eating away at the land? Home and garden shows sell dreams, not reality. According to them, anyone can have that perfect kitchen with granite countertops, an open-plan first floor, a master bathroom bigger than most New York City apartments — or a home just steps from the ocean. The first three may empty your bank accou...

Full article: http://grist.org/climate-energy/do-not-buy-oceanfront-pro...

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