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I think that you are painting with a pretty broad brush. While I have not seen any hard numbers yet - I'll go out on a limb and say that I think the vast majority of the Island's housing stock was not affected by storm flooding.
They put the number around 100,000 homes and business were either completely destroyed or severely damaged by the storm.... I feel like that a rather large number, don't you?
Probably hurts LI overall at least slightly in the near term, but definitely hurts waterfront/flood zone properties significantly - and probably for the next decade at least... provided we don't get ANOTHER storm like this any time soon! That would turn anything south of Montauk/Merrick into poison for the next 20 years.
Hell, the LIPA fiasco alone hurts LI. My inclination is to believe that this was just a freak storm and it's not gonna repeat itself for quite awhile, but it's really impossible to see the future when it comes to weather. Just the fact that the possibility is out there would scare the living crap out of me...
They put the number around 100,000 homes and business were either completely destroyed or severely damaged by the storm.... I feel like that a rather large number, don't you?
It is not that I don't think that 100K homes is a large number in-and-of itself. My point was that I think that 100K homes represents a small portion of the total number of homes on Long Island.
My inclination is to believe that this was just a freak storm and it's not gonna repeat itself for quite awhile, but it's really impossible to see the future when it comes to weather.
For all the damage the storm did via its storm surge - this was not really a significant hurricane. Was it EVEN a hurricane when it made land in NJ? IF it was - it was a MINIMAL hurricane. Everything is relative to one's life experience - but my family survived Hurricane Andrew's top winds of around 175mph - almost DOUBLE Sandy's gusts. Long Island is terribly overdue for a direct hit from a serious hurricane and Sandy was not it folks.
For all the damage the storm did via its storm surge - this was not really a significant hurricane. Was it EVEN a hurricane when it made land in NJ? IF it was - it was a MINIMAL hurricane. Everything is relative to one's life experience - but my family survived Hurricane Andrew's top winds of around 175mph - almost DOUBLE Sandy's gusts. Long Island is terribly overdue for a direct hit from a serious hurricane and Sandy was not it folks.
If you understand basic meteorology principles, Sandy was a 'major' storm given its size, barometric pressure at landfall, and its relatively slow speed. Given the lower water temps the Mid-Atlantic and North East have, a storm like Andrew is highly unlikely. Anything is possible, but I would absolutely bet a sizable amount of money that a Cat 5 will not hit Long Island in the next 100 years.
If you understand basic meteorology principles, Sandy was a 'major' storm given its size, barometric pressure at landfall, and its relatively slow speed. Given the lower water temps the Mid-Atlantic and North East have, a storm like Andrew is highly unlikely. Anything is possible, but I would absolutely bet a sizable amount of money that a Cat 5 will not hit Long Island in the next 100 years.
Where I am on the Island we had 3/4" of rain and winds of no more than 70mph. Meteorological principles aside and based on my own life's experience - I don't define Sandy as a "major" hurricane.
I'm sure you are correct (and hope that you are) because the Island damn near Moderator cut: language removed with this storm and would all but be obliterated if it were ever hit with a severe hurricane.
Last edited by nancy thereader; 11-10-2012 at 08:27 AM..
Can't see this helping the Long Island housing market in general. And we are not doing well as it is. (Understanding that life is full of exceptions, etc).
I am so glad that we were able to sell all three houses earlier this year. While we loved long island, it just became too expensive for us to live on. My consensus is that it will be harder to sell homes there.
Two of our friends who live by the water had the entire first floor of their homes destroyed. One had only bought her home this year in Long Beach ; a great area, but not for me. The other had redone their home in Patchogue recently and are now in a mobile home on their property. it is just so sad to see the heart and soul put in their homes only to be destroyed.
I am so glad that we were able to sell all three houses earlier this year. While we loved long island, it just became too expensive for us to live on. My consensus is that it will be harder to sell homes there.
Two of our friends who live by the water had the entire first floor of their homes destroyed. One had only bought her home this year in Long Beach ; a great area, but not for me. The other had redone their home in Patchogue recently and are now in a mobile home on their property. it is just so sad to see the heart and soul put in their homes only to be destroyed.
It might be harder so sell by the water, but there are still plenty of people who love living by the water. If we don't get another storm like that for a year or two, watch how easily people forget.
I think the more inland houses will see a nice surge in sales and interest in the coming months. Flood insurance premiums will be outrageous, assuming you could get insurance to begin with. I think the long term effect will be that many buyers that have $ and might have otherwise been interested in the waterfront will tend to look more inland now...The northern areas of Massapequa, Wantagh, Seaford, Merrick, and Bethpage will become more desirable.
Currently, people with low-end budgets can still afford these areas...once more money hits the pool of prospective buyers, it could be a boon for those areas.
Just my opinion (and hope )
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