Do you feel bad for the Coastal NYC neighborhoods? (Hudson: real estate, rental)

[Grovery of Ice]

I live in the greatest city in the world....a city surrounded by water.

All the coastal neighborhoods......The Rockaways, Belle Harbor, Bergen Beach, Mill Basin, etc.......are those places no-go zones with climate change on the way?

Mod Cut

[newaccount]

People have bad memories. Until it happens to homeowners a second time, they won't get it. Real estate professionals won't bring attention to it. Venice is a perfect example. It's not a matter of if it will happen.

[Mr.Retired]

Opinion:
As long as Insurance companies dole out cash for flood insurance no needs for worry.

As far as climate change fanatics? Word of advice. If you don't want to wait around for another 30 years,
for what might and might not happen you'll have much more fun pulling the ice tray out of the fridge and watching the ice melt.

[Mightyqueen801]

Originally Posted by Grovery of Ice

I live in the greatest city in the world....a city surrounded by water.

All the coastal neighborhoods......The Rockaways, Belle Harbor, Bergen Beach, Mill Basin, etc.......are those places no-go zones with climate change on the way?

Mod Cut

That's what the whole coastal resiliency plan is supposed to address that that commissioner from the DDC is always speaking about at engineering industry events all over the city. Can't remember his name at the moment.

Anyway, it's pretty interesting, but it's plans for the next few decades, not work that can be done overnight. Best bet would be look into what's in the plans for any specific area in which one is interested.

[MrJones17]

Doesn't global warming take a while to really cause destructive type damage? Won't homeowners in the coastal areas *slowly* begin to see the effects? Like they aren't just going to wake up one day and have their whole property submerged in water. And since most insurance companies cover damage related to that, won't it be sort of a non-issue? I guess if anything the insurance costs for homeowners will go up?

Please, nobody get offended at what I'm saying. I will admit I don't know very much as far as climate change goes.

[NYC refugee]

There was nothing slow about Hurricane Sandy. It did more damage in a day than global warming would in a decade. The thing is that while global warming creeps up, it affects the weather, which blasts through like a freight train.

My sil had a house in the hurricane's path and FEMA kept her in a rental apt while she fought with the insurance company and the money she got wasn't half what it cost to rebuild. Then there was a program called NY Rising, meant to raise the houses on stilts above flood level, but they spent two years hammering out the details of that and it turned out to be a low cost loan. Those who still went for it were living in trailers while their house was being lifted and some had been there for over a year before sil decided moving was a better option. The neighborhood was half abandoned houses by then, condemned due to irremediable mold or abandoned. Some were knocked down either during or after the storm and the lots were selling for something like $39k. But one look around and you'd know it was only a gamble.

So that's it, it really is a gamble. You could last 20 or 30 years with a wet yard or basement when it rains or you could be unlucky.

[Cartwheelmaster]

Meanwhile Obama buys a multi million dollar mansion on Martha's vineyard. CNN, Facebook, Warner media lease property on the Hudson Yards...there surely don't practice what they preach

[Javawood]

The real crime was building housing projects and highways on the coast. RIP Far Rockaway, Coney Island, etc. etc.