Earlier quoted context omitted.
Because they built houses in place they shouldn't have
Were they illegally built without a permit? Then they should be demolished. Were they built with a permit? Then either it wasn't obvious they shouldn't have been built (and then why would the homeowners be responsible for these kind of works?) or there was corruption (and then the relevant persons should be condemned). But privately built seawalls to protect the coast? That seems out of proportion, and unlikely to pr…
This will not happen. Houses/businesses near beaches tend to be of higher value and owned by the more politically connected. Any political talk of "We're not going to insure it and we'll let it fall in the ocean" means new people getting elected next election.
It's also worse than that in the US. We're permitting and allowing things that will fail, and have no means of funding those costs of buyout or replacement in the future. As long as people remain ignorant and keep voting themselves largess the cost of the problem will continue to grow.