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BTW I used to live in Long Beach years ago. Around 1992-1995. It was so junky back then I actually had a share in a Hamptons house as Long Beach really sucked. Back then those "trendy" west end homes were pretty much empty in the winter or used to rent out to cheap students or members of Pagan Motorcycle gang.

The long beach boardwalk had a ton on Coops/condos conversions etc in the period of 1985-1990 during condo/coop boom that went bust big way back then in 1992. I recall my friend getting a apt on the boardwalk with a pool all renovated with the first four months rent free!!!!

The bungalows my friend dad owned like 7 of them he bought for 6k each, had electric heat only and were shacks. My friends dad left them empty in the winter. Pretty much they go trashed in summer completely, he kept deposit, over winter when bored he stop by with a few sixpacks and a five gallon can of paint and a can of spackle and fix it up for next year.

People built those shacks on the water into year round residences in flood zones. Go back 20 years ago, the same house hit with four feet would most likely cost my friends dad maybe $2,000 to rebuild. Empty bungalow, electric heat, I could see him resheet rocking bottom few feet, taping it up and painting in two weekends, he did not even carry flood insurance on anything. I bet today he sold those six flop houses for almost $500,000 each during Spring of 2003 Spring of 2008 to folks who dumped their lifesavings into these junky little "trendy west end" bungalows.

From: Cut the red tape!

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