Is it Still ‘Location, Location, Location’?
- Nov 07, 2012
Snow. Why’d it have to be snow? (Picture I said that while wearing a fedora, because I’m feeling snazzy.)
Currently, New York City is being hit with a nor’easter, just a week after Hurricane Sandy. As if the Northeast wasn’t suffering through enough already.
It almost makes a girl want to pack up her belongs and go West, Fievel-style.
In all seriousness though, whether you’re on the East Coast or not, does weather ever play a part in where you plan to build or manage a property?
The New York Times asks if people will be leery about living on the waterfront after the hurricane. Usually, this would seem like a great investment. Apartments and condos on the water are usually more expensive—people will pay a lot for a great view. But has Sandy (and this blasted November snow, which, by the way, is even less appreciated than the cold November rain) and the like changed things for everyone? Will people be more cautious, only investing or renting in buildings across the country that are on high ground that have relatively little risk of every being hit by weather any more inclement than a light drizzle?
Giving my Magic 8 Ball a quick glance, I’m inclined to predict “no” for most people. (Although the Magic 8 Ball just said to “ask again later.” Stupid vague-and-possibly-afraid-of-litigious-questioners ball.)
Hurricanes, tornados, blizzards and Mothra attacks will happen. And, while it’s devastating when they do, us humans are a resilient bunch. When disaster happens, we’ll rebuild, and it’ll be better, stronger (and, obviously faster) than it was before.
And people will always want to live on the water. Even if they do have to push through some snow.
What do you think? Do you think people in general be pickier about where to develop apartment buildings? What about you specifically?
–Jessica Fiur, News Editor
Photo credit: Guido Amrein, Switzerland