Streams

6 Months After Sandy: Real Estate Check-In

Tuesday, April 30, 2013

WNYC reporter Janet Babin talks about post-Sandy real estate trends, and how recovery efforts and preparation for other storms has shaped housing prices in the area.

 

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Janet Babin
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Comments [4]

Nick

I think the value will return, and quickly. A caller said it, that people have short memories. If there isn't another storm for a year or two, there will certainly be at least a 25% increase in current value, which follows the current trend. It is a bit of a gamble though, if another Sandy rolls thru, everything I just wrote is totally meaningless and untrue.

Apr. 30 2013 08:14 PM
Marrach from Brooklyn!!!

It 'Stands to Reason' as the Brits would say.

A major storm comes thru and trashes the area. The Maps and the statistics tell us another Storm is LIKELY in a Buyer's lifetime.

And people are SURPRISED they can't get Mid-Boom half-million $$$ prices for their house?

People are SURPRISED that the Banks aren't going to 'FORGIVE' half to two thirds of the Mortgage just because you got on the phone and said: "Hurricane Sandy."???

People...The Real Estate Industry and the Realtors ARE NOT your Friends this time around. And Yes, it really sucks when the Market works AGAINST you.

Apr. 30 2013 11:25 AM

(And for that matter -- what is the extra value, if any, of a home that is relatively safe from a storm due to its strategic construction? If there is no extra value for a house that will be safe, wired w power generation, etc.?

And what is the extra value of homes that are protected by berms?)

Apr. 30 2013 10:43 AM

Role of insurance risk assessors?

what is the "extra" cost to owning a waterfront home, after it's flooded -- if any?

Is the government subsidizing waterfront properties (via govt. backed flood insurance etc) and if so to what extent?

Apr. 30 2013 10:41 AM

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