Welcome to the Neighborhood. It’s Sinking.

Portuguese Bend in Rancho Palos Verdes, Calif., rests on an active landslide. While some residents have fled, a few new homebuyers are choosing to take a risk and purchase anyway, seeing a rare opportunity to own a piece of Southern California coastal property.

By Mimi Dwyer, Jeremy Raff, Yasu Tsuji and Nicholas Kraus