Housing: Don't Water the Daisies!

"We floated 30 feet south," marveled Los Angeles Industrialist Thomas Donohue, "then 20 feet east, and finally 10 feet straight down." He was talking about his house.

From a vantage point with a view atop suburban Pacific Palisades, Donohue's $100,000 Spanish-style house had picked itself up and headed toward Sunset Boulevard, 300 ft. down. It was a total loss. Also carried away in the hillside slide were a neighbor's $100,000 clifftop mansion, a psychiatrist's $75,000 eyrie, and about half of a $1,000,000, three-year-old apartment complex below them. One of the few residents...

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