Updates & Insights

< Back to the Blog

Natural Disasters Creates Higher Home Values

by | Dec 3, 2013 | Articles

An article in the Wall Street Journal on October 28, 2013 stated how Super Storm Sandy resulted in higher home prices along the New York City waterfront.  The homes now being built are 14 feet or so above the street level to survive storm surges.  The design lets the water out once the surge passes by and utilities are being installed in the attic rather than the basement.  These are all changes that are a direct result of the storm devastation and an improvement over the previous home construction techniques.

So, we now have better homes, safer environment and of course, they are selling for more money!  Do we really need such a disaster to do what is right?  Well, if we look at Congress, the answer is YES!

Subscribe to Receive Weekly Market Updates

Speak with an Integral Wealth Advisor

No matter your life stage, our advisors are here to help you navigate your unique financial landscape. Schedule a call. We look forward to meeting you.

Disclaimer

 You are now leaving the official Colman Knight website and entering a third-party website. Colman Knight is not responsible for the content of third-party sites, nor does Colman Knight guarantee or endorse the information, recommendations, products or services offered on third-party sites. The information available through this link should not be considered either a recommendation or a solicitation of any offer to purchase or sell any security.

Also, please be aware that third-party sites may have different privacy and security policies than Colman Knight. We encourage you to review the privacy and security policies of any third-party website before you provide personal or confidential information.

If you have any questions or concerns, please contact your Colman Knight advisor

Share This