Nov 072012

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


  3 Responses to “‘What Renters Want’ with Jessica Fiur: Is it Still ‘Location, Location, Location’?”

  1. I have always lived in CA, but I have always wanted to live up north in either Oregon or Washington. I really love the green around there and especially the public transportation. I don’t think that the rain would really both me, but the east coast winters with snow, etc would probably not be for me. Thanks for the post.

  2. I just moved back to the cold from out west to be with family. The cold can’t kill ya! I personally would not want to live in tornado alley (Oklahoma area) or hurricane parts of the country like New Orleans and some of Florida. From a business standpoint, I would buy and rent anything that was a good profitable deal, anywhere. As long as insurance wasn’t too high.

  3. Yeah, people should be picky where to put these apartments up. Looking at it from a business standpoint, I don’t know why should I make an apartment on a place where there’s a hurricane every month. Well, maybe because it’s affordable. But then the cost of repairing these things outweighs the cost you saved at the start.

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