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<p>[QUOTE="Juan Blanco, post: 1568413, member: 41665"]Little homes? In the Hamptons? And what pray tell will this - the second huge storm in two years - do to the hedgies' RE prices and insurance premiums?! (Have no fear - rest assured that Mittens will feel their pain LOL.)</p><p><br /></p><p>Don't mean to sound cynical, but if 15,000 Haitians died in a Cat 5 cyclone you know the NY markets would just shrug. Hurricane Sandy <i>barely </i>qualified as a Category 1 - that is NOT the issue. </p><p>Market-makers in downtown Manhattan were out-of-office and bailing water at home or the summer McMansion, that's why Hurricanes Irene and Sandy matter so much.</p><p><br /></p><p>"Tuesday {10/30/2012} marks the first time since 1888 that the NYSE remained closed for two consecutive days because of weather. The earlier shutdown was caused by a massive snow storm."[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1568413, member: 41665"]Little homes? In the Hamptons? And what pray tell will this - the second huge storm in two years - do to the hedgies' RE prices and insurance premiums?! (Have no fear - rest assured that Mittens will feel their pain LOL.) Don't mean to sound cynical, but if 15,000 Haitians died in a Cat 5 cyclone you know the NY markets would just shrug. Hurricane Sandy [I]barely [/I]qualified as a Category 1 - that is NOT the issue. Market-makers in downtown Manhattan were out-of-office and bailing water at home or the summer McMansion, that's why Hurricanes Irene and Sandy matter so much. "Tuesday {10/30/2012} marks the first time since 1888 that the NYSE remained closed for two consecutive days because of weather. The earlier shutdown was caused by a massive snow storm."[/QUOTE]
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