DOES ANYONE WANT TO RISK WATERFRONT PROPERTY ANYMORE?

By
Real Estate Agent with Charles Rutenberg Realty Inc. 516-575-7500 NRDS ID#641625055
https://activerain.com/droplet/L7h


DOES ANYONE WANT TO RISK WATERFRONT PROPERTY ANYMORE?

For some people, waterfront property will always have allure. They're drawn to it, they love it and their dream is to, someday, own a residence on the water.

But after a storm like our last one, a stark reality has set in. The risks may not be worth the reward.

Immediately after the storm, I couldn't even make my way to the Bay or the canals in my neighborhood. Boats had literally been swept up and moved to shore, blocking streets and sometimes crashing through people's front yards or back doors. Entire first floors were demolished along with all of their contents that then needed to be discarded.

Jill SacklerJill Sackler

It was an eerie sight; one I've never seen before. It seemed post-apocalyptic. The sight of Humvees on the road, called in to keep peace, just added to the surreal dimension. Someone told me that one neighboring town has signs that read, "if you loot, we shoot." Have I seen this movie before?

Add to the emotional toll extracted in rebuilding life, the cost of rebuilding a home and the hardship in securing flood insurance, if still even possible, and the purchase of waterfront property is a question worth pondering.

Still, those who dream of a water view and the serenity it promises, are not likely to give up so quickly. If it were me, I might need some time to forget the devastation I've witnessed. Time heals, however.

 

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Long Island Real Estate Needs? 

Reach me @516.395.8376

 

Long Beach is a diverse community that is never short on entertainment. Interested in moving to Long Beach?

Don't hesitate to call me and we can begin our tour.

 

 

CHARLES RUTENBERG REALTY INC.  *****  516-575-7500  *****

ABOUT THE AUTHOR: Graduate REALTOR Institute 

Jill Sackler, NYS Real Estate Broker Associate based on Long Island's South Shore
 
 

Sunny Isles, Fl 

 

  

     Specializing in Lifecycle Real Estate Transitions

"When your family doesn't fit your family home, I can help."
 
 
 
 
 
   
   

   

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©Jill Sackler 2010
 

 

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Show All Comments
Rainmaker
744,048
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

People will always want waterfront. They may take a financial hit in price for awhile.

Nov 05, 2012 10:46 PM #1
Rainer
301,054
Lehel Szucs
All Seasons Real Estate, Inc. - Covina, CA
REALTOR of choice

yes I do .... as soon as I win the lottery I am buying near the beach .... maybe .... seriously though ... people that live near water are there for the lifestyle and nothing can ever take that away .... I think

Nov 05, 2012 11:10 PM #2
Ambassador
2,302,371
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hi Jill,  Glad you made it through the storm.  My guess is that the waterfront properties will continue to be popular after the cleanup.  I think many people will think, this was a storm of a lifetime and can't possible happen again in my lifetime.

Nov 06, 2012 12:26 AM #3
Rainer
327,177
Andrew Capelli
Hoover Elementary - Hazel Park, MI

Jill: You raise a good point, but gosh- You posted such a beautiful picture of that waterfront property... It looks so lovely, I would move there in a heartbeat!  Granted, that's a nice day in the photo, but I think I would actually put up with occasional storms & flooding to have that view the rest of the time.  Thanks for sharing!  :)

Nov 06, 2012 04:59 AM #4
Ambassador
1,241,251
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

I believe that there will always be a desire to live on or near the water. Your beautiful photograph says it all!

Nov 07, 2012 12:07 AM #5
Rainmaker
755,707
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Rob - Definitely for a while. These places are unsellable the way they are now.

Lehel - I tend to agree with you and if you have the money to buy it, you should have the money to fix it.

Belinda - This was exactly how they thought in the past. Will they continue to think that way in the future? Today, we are having another Nor'easter which means more mandatory evacuations and additional houseguests.

Andrew - I'm glad you like the picture. No one seems to have noticed the detached dock floating on its side.

Joni - It does doesn't it? Push and pull.

Nov 07, 2012 02:01 AM #6
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Rainmaker
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Jill Sackler

LI South Shore Real Estate - Broker Associate
Long Island Living - Where Memories Are Made
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