Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying

Nantucket is a billionaire holiday hot spot, but erosion is making homes fall into the ocean. That hasn't stopped the wealthy from buying properties.

By: Business Insider

Jun 10 2024
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Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying — Homes on billionaire hot spot

In Nantucket, Massachusetts, erosion is intensifying and sea levels are rising. Demand for multimillion-dollar homes, though, has remained sky-high.iStock; Rebecca Zisser/BI This month, residents of… [+13220 chars]

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Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying

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