A natural disaster like Hurricane Irma created unquestionable harm to the people of SXM as well as to 2nd home owners and vacationers alike.
My family started visiting the Island about 10 years ago and like many others, we started going once a year, then twice and now we’ve averaging 4-5 times per year; we’ve contemplated buying a home there, which leads to my question….
What impact will Irma have on real estate prices on the Island?
Personally, I’ve owned property in both Charleston SC post-Hugo and the Jersey Shore post-Sandy. While I don’t want to come across as being insensitive to people that truly lost everything, I just want to point out that in my limited experience both Hurricanes, in retrospect, yielded huge positive impacts as real estate prices have continued to increase in both areas and the communities were built back better than before.
So, is now the time to invest in SXM?
