Sunday, January 20, 2013

Is rebuilding in hurricane zones wise?

San Francisco Chronicle: Denise Tortorello, a real estate agent at Riviera Realty in Point Pleasant, N.J., said she can't tell yet where property values are headed since Hurricane Sandy demolished a string of beach towns built on a slender strip of barrier islands in the Atlantic. "I'm sitting in my office, and I'm looking at the National Guard right outside out my window," she said. On a December day, the temperature outside was 65 degrees. Just south in Mantoloking, second homes sell for up to $10 million. Many were...

URL: http://www.sfgate.com/opinion/article/Is-rebuilding-in-hurricane-zones-wise-4206433.php
Enclosure: http://ww1.hdnux.com/photos/17/30/76/4034448/3/628x471.jpg

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