Real Estate News from November 2012

  • Housing Crisis in the Wake of Sandy By Liam Delaney | November 05, 2012

    In the wake of Hurricane Sandy, New York City officials are facing an enormous challenge, namely, finding homes for as many as 40,000 people. Mayor Michael Bloomberg has been comparing this situation to the aftermath of Hurricane Katrina in New Orleans. The mayor also said that the 40,000 figure was the worst possible case presented by the Department of Housing and Development, a more realistic estimation being 20,000 people. Even so the task is extremely daunting.

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  • Manhattan Will Light Up Again Today By Aby Thomas | November 02, 2012

    In what will come as welcome news to the residents of Manhattan who have been living without power since Hurricane Sandy hit the city, Con Edison has announced that all of Manhattan will have power fully restored by the end of today. 900,000 customers of the power supply company lost their electricity when the hurricane struck, with outages seen in all the boroughs of New York City. With more than 250,000 homes and businesses without power, Manhattan’s outage was more than the total outages of Brooklyn, Queens and the Bronx combined.

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  • New York City Gets Back to Work By Aby Thomas | November 01, 2012

    While we thought New York would be making a slow recovery from Hurricane Sandy, the city's citizens have already started to steadily get back on their feet, and simply get back to their normal lives. For New Yorkers, the fact that some of the subway trains are running again is reason enough to celebrate, although it seems that it will take a few more days for all the subway lines to be fully functional. But the city seems eager to get people out and about again, and they are offering free rides on both the subways and the buses up till Friday. This should hopefully serve as a sort of incentive for people to get back to their normal lives, and get the city up and running again.

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