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Noted in Passing: Real estate bubble shows signs of abating

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  • mmack May 13, 2022, 3:28 AM

    And now it’s a houseboat. Which means it’s at least worth $500K. 😏

  • Dan Patterson May 13, 2022, 3:31 AM

    Will the HOA approve the modification?

  • ghostsniper May 13, 2022, 4:27 AM

    That’s called scrubbing by “tidal surge” and an indication that that house was built more than 25 years ago.
    All homes that are built within the flood plane now must be able to sustain a tidal surge of 10′ which is predominantly the design and implementation of the piling system. Just guessing, those pilings are 8″ dia. and are installed to 8′ depth or less. To be that close to the waters edge the pilings should have been at least 14″ sq. x 28′ long tapered concrete, which would have been very expensive and the size (square footage) would not justify the expense. Thus, in todays market, it wouldn’t have been built. Now, it is prohibitively expensive to build in the flood plane and all homes that are built will cost more than $1mil. easily. You must really want that “view”. Personally it isn’t worth it to me.

    • ghostsniper May 13, 2022, 12:49 PM

      Precast concrete.
      Driven in place by a pneumatic hammer, or jetted with high pressure water.
      Caissons are a whole nuther thing.
      I’ve never worked with caissons but have worked with pilings, wood and concrete, many times.
      See here:

  • captflee May 13, 2022, 6:45 AM

    I do believe that I have walked underneath that house whilst banging out the hundred or so miles of beach constituting the easternmost parts of the NC Mountains to Sea Trail. There are plenty of others in similar straits. The Banks are constantly moving. Man plans, God laughs.

  • jiminalaska May 13, 2022, 10:21 AM

    Build on the Outer Banks?

    No thanks.

  • Gordon Scott May 13, 2022, 11:28 AM

    I think I saw a house with pilings like Ghost describes south of Houston. Out of a development of hundreds of homes it was the only one to survive, albeit with some damage. But the other houses were just gone. No evidence other than driveways and streets that they had ever existed. No debris.

    • ghostsniper May 13, 2022, 1:03 PM

      Over the past 30 years coastal construction has improved tremendously. When you learn “how” a building responds to an attack by very high wind and water pressures you can design and build to resist them. This has been my full time game since the mid 80’s.

      More than likely the damage you observed on that home was superficial. Easily repaired at minimal expense. My own home in FL, designed and built by me in 2002 went through 3 hurricanes in 2004 starting with Charlie and the damage was minimal and I repaired it myself. The damage to our home was a weakness in applied methods which I corrected.

      Basically, the aluminum vented roof soffit panels were pulled loose and swept to the winds. When I reinstalled them I forced a thick bead of silicone caulk into the receiving channels effectively bonding the soffit panels to the aluminum fascia panels and the J-track on the wall. My time in this repair was free and the new panels cost maybe $50 and thirty tubes of high quality exterior caulk was about $300. That home has been through several hurricanes since and no soffit panels have been lost. Live, observe, learn, try again. Never stop.