I was thinking of the great effect after Hurricane Sandy striked some parts of the US territory. Have read and seen the news and it was terrifying. I wonder if real estate companies and other homeowners, will ever revive after that tragedy brought by nature.
Photo from BloombergBusinessWeek |
Here's the sad part of it;
"Property Damage Almost $88 billion of homes in seven states were at risk of damage, according to a report by CoreLogic Inc., a mortgage software and data firm in Irvine, California. New York had $35.1 billion of property in harm’s way, New Jersey had $22.6 billion, Virginia had $11.3 billion, and Massachusetts had $7.8 billion. Maryland, Delaware and Pennsylvania had a combined $11 billion of property at risk, CoreLogic said. " read more here Bloomberg News
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