As a Masshole (I don't care if this pronoun offends you, it's what I call myself) who doesn't own waterfront property I'm not going to lose a nanosecond of sleep over the rich Bostonians who their investment in waterfront property tank or lose their Cape Cod vacation houses. Those people are rich enough to deal. If they don't deal in time well then they're paying the stupid tax.
Edit: Sorry, I haven't had my coffee any my cynicism isn't up to normal levels yet. As mentioned, of course they'll get the state to bail them out. There's a chance they might not but as a group they're the ones with the power and the influence. Every few years some houses fall into the sea. It basically always winds up in court with the owners suing the town and/or state. I can't imagine it not going in their favor if the places underwater are in the Boston area. The cumulative political clout would be insurmountable.
That said, so what if they bail them out? If they don't bail them out then it's not like the state won't still take everyone's money and spend a large percent of it on other cause that benefits approximately nobody. As far as I care paying state cops to game the overtime system isn't any better or worse than bailing out people who's property is underwater. The difference is just hair splitting because neither of those should be happening.
I'm not super convinced about that. While it's true that we're ahead of schedule to so speak, Cape Cod has always been a bit of sand pushed up by an old glacier. It's been eroding at an average of three feet every year. Buildings get moved back or left to be swept into the sea constantly. Nantucket used to show visitors a video about how the island was slowly sinking and would eventually disappear. Again, things have accelerated recently, but people in the area already knew that this was all temporary.
Just to give an idea of some of the properties there, Pier 4 is slated to have 1 bedrooms < 1k square feet start at 1.2 million, with an HOA of 1.4k/month -- and it goes up from there.
Edit: Sorry, I haven't had my coffee any my cynicism isn't up to normal levels yet. As mentioned, of course they'll get the state to bail them out. There's a chance they might not but as a group they're the ones with the power and the influence. Every few years some houses fall into the sea. It basically always winds up in court with the owners suing the town and/or state. I can't imagine it not going in their favor if the places underwater are in the Boston area. The cumulative political clout would be insurmountable.
That said, so what if they bail them out? If they don't bail them out then it's not like the state won't still take everyone's money and spend a large percent of it on other cause that benefits approximately nobody. As far as I care paying state cops to game the overtime system isn't any better or worse than bailing out people who's property is underwater. The difference is just hair splitting because neither of those should be happening.