"'This isn't like your typical Nor'easter where a tree falls and your lights flicker,' said Michael Daly, founder of the buyers' brokerage True North Realty Associates in North Haven, New York, and a Hamptons real estate blogger. 'This is more like a Katrina,' he said, alluding to the historic 2005 Category 5 Hurricane. 'It's going to be a number of years before the market recovers.'" Yes, he is talking about the decline in Hamptons real estate values. Ugh.
Tuesday, May 19, 2009
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You should forward that to Ian Spiegelman. I bet he likes articles about the Hamptons.
Wait. Huh? I've heard this story before. FROM YOU. ON RADAR.
Oh right - that was some asshole from Greenwich. Cripes, rich people, GET IT TOGETHER.
I knew that seemed familiar. But the idea of searching the Radar archives was too overwhelming.
Really? You should be proud of all the groundbreaking Octomom stories.
Seriously, The Awl should slap a Google news alert on "like Katrina" posthaste! Four years from now the compilation would be probably be devastating (like katrina).
Never mind that Katrina wasn't even close to Cat 5 when it made landfall. Category 3. Look it up, Bloomberg.