It has been 4 days since Sandy barreled through the northeast United States, and for now at least, a low cloud seems to be hanging over the real estate market. Agents are reporting that at least temporarily they hope, the phones have stopped ringing, that interest has shriveled; in short, the market may be officially closed for the season.
Sandy has dumped wet sand on the Hamptons real estate market, but that can hardly be surprising, what with no electric, no cable, no internet, no cell, no phone, no water, no heat and now gasoline shortages the latest pesky annoyance. We are thankful our area got away so light compared to our friends on the Jersey Shore. Theirs is the disaster.
The tremendous damage to the northeast’s coastal areas has people wondering (once again) as to the wisdom of living on, or so near to, the ocean, sound or bay. In the old days people knew better than to live too close to the sea. Communities were settled a safe distance away.
With time the question of safety gave way to the value and desirability of an esthetic. And not without good reason. Given the unimaginable wealth created over the generations, and as our population grew, it’s no wonder that owning a beautiful stretch of beach with an incomparable view, would become desireable, not to mention pretty effective at setting one apart. But it can come at a cost.
Man is helpless in the face of nature.
Coastal erosion is a terrible thing to watch. In the end it is real money, washing away in front of your eyes, which, in our material age, might be pretty painful to some.