Worst possible update for millionaire homeowners whose mansions are slipping into the ocean

Source: New York Post

A ritzy Southern California enclave perched above the Pacific is once again on edge — as the ground beneath it won’t stop shifting. Residents of the posh cliff side enclave of Rancho Palos Verdes are living a nightmare as a massive landslide accelerates, sinking dream homes and forcing local officials to even cut the power in certain areas to prevent the whole neighborhood from going up in sparks. After a winter of heavy drenching, the Abalone Cove and Portuguese Bend landslides have picked up, leaving residents on edge and officials scrambling to keep the roads and homes from crumbling into the Pacific.