Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
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 the island of Nantucket, a storybook New England coastal retreat located 30 miles off the coast of Cape Cod, gathered for their annual town meeting and quietly acknowledged a mounting eco-crisis.
Erosion, which is typical for most islands, is now increasing in severity, threatening to reshape...
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