BPC, far WVil, far west Soho and Tribeca, LES, etc. This is the second time in two years they are mandatorily evacuated due to flooding concerns. With global warming, this will be more common, not less.

Discuss.

Nobody remembers this stuff come the Spring selling season.

Truth - one of my favorite BD songs. Love that whole album.

LOVE "Black Diamond Bay." In DC.
But back to real estate. Fact that all these voices on SE who are far more attuned than I to NY real estate market are predicting coming wave of foreclosures is depressing indeed. What's a person with strong preference for their own fixtures who needs to be in New York to do? I guess we treat any purchase here on our personal balance sheet in same manner as we do our car. Depressing and expensive. Drat, drat and double drat.

So no discount for BPC being forcibly evacuated two years in a row? Look at the below map.

http://www.nytimes.com/interactive/2012/10/28/nyregion/hurricane-evacuation-zones.html

All of BPC and large swaths of FiDi, Tribeca, West Chelsea, etc. evacuated two years in row. Power may be shut off on purpose below Canal to prevent water damage.

If and when this happens a third time, people will have to reconsider the high price to live in these places, no?

Lots of people are finally selling out of Malibu because of the constant mudslides from the rains years in a row. I don't know how it affected prices but some do not want to deal with it anymore. Then you have the diehards. They say they will keep rebuilding to stay in their Malibu paradise. They can have it. I'll visit.

Malibu is sort of an apt analogy I guess. I would just be annoyed if I still lived in 10006, and had to evacuate two years in a row.

Manhattan flood pictures.

http://www.businessinsider.com/battery-park-flooding-2012-10

Thanks j

Now why would someone start the same thread just a few above this one?

> this hurricane is nuting compared to the tsunami of 1000 day delayed foreclosures in manhattan.... flmaozzzz.

Agree. With that one, it doesn't matter whether you look down to the Hudson like in Morningside Heights and up... Every kool-aid drinker will be hit.

w67th, how would you play it?

Sure thing there has to be an awesome way to benefit from the frozen REO pipeline aside from buying RE (to me, it's kind of a pain in the ass, high transaction costs, illiquid). There has to be a better way to benefit from the failed policy of sustaining high RE prices at all costs.

I live in BPC and despite the parks being flooded, the streets and buildings being on much higher elevation were not flooded and BPC did not lose power for one second. Yes, most of us evacuated but now we know that we could have stayed. My brother stayed and we texted throughout the storm. No need to bad mouth BPC when you don't live here and you don't know what is going on. No flood, no blackout, beautiful waterview and yet cheaper than Tribecca - which is right across West Side Highway and is till dark as we speak.

maybe the island should've stayed as originally intended...
http://updates.gizmodo.com/post/34784175229/manhattans-sandy-evacuation-zones-match-up-with

Look at the two maps above. On the left is Manhattan in 1776. On the right is the Hurricane Sandy evacuation map. If your apartment’s in Zone A in 2012, it would’ve been in the ocean in 1776, before the island was built up by landfill.

On the evac guide, red is Zone A, or the lowest lying area with the highest flood risk—in fact much of it is still under water. Greenwich Street, the eastern line of Zone A is on the edge of the Hudson River. ManhattanPast explains the correlation:

The eastern line of Zone A along the Hudson River runs along Greenwich Street, which was at the waterfront in 1776. The old slips on the East River extend inland to Queen Street, now Pearl Street, which is near where Zone A runs along the East River. Also notable on the 1776 map is Bayard’s Mount, the high land rising in the area marked “Marshy Ground” north and northwest of the old Collect Pond. The pond was drained in the early 19th Century and Bayard’s Mount was leveled to fill it in, but as can be seen in the evacuation plan, the pond and the marsh left their mark on modern Manhattan in the form of a hook-shaped low area delineated by the border of Zone B.

I guess once a flood zone, always a flood zone. [ManhattanPast]

Boston is also mostly landfill.

Behold, a map from Boston College: http://www.bc.edu/bc_org/avp/cas/fnart/fa267/boston/bos1820.gif

True. The Dutch had the good sense to build huge levies and floodgates etc.

W67: you have cojones. Undisputed. I could play with $4m all I like in equities and I betcha it will still be $4m in 100 years.

Gonna be bigger next time ... and the time after ... but I'll still live in Tribeca , even if the whole neighborhood sinks...
I moved to the Mark Hotel for the week , so I don't even care about the power outtage, and I'll do the same next time