Portions of my neighbor's cement block retaining wall fell into our yard the day we moved in - over 2 years ago. He would now like to rebuild it and told us that he would like to build a sloping block wall starting 3 feet into our property. The reason, he says that would be quite expensive to rebuild the wall in its original location as it is very close to his existing sidewalk/foundation of his home. We are on lakefront property and I do not think that it would be a great financial idea to "give up" 3 feet of lake front. So, my answer is leaning "no", but I would like to have some back-up. So, other than my gut that it doesn't sound like a swift idea, are there any solid real-estate reasons why this would be a bad move on our end? Thank you in advance for the input.
Jill W.