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Katrina = Cat.5 = Goodbye New Orleans

<<^^^ actually it is. I remember them saying that with hurricane camille the damage was $20 billion in 1969 dollars.

So $29 billion in 2005 dollars isn't that bad, comparatively speaking.>>

The NHC lists Camille's unadjusted damage as ~$1.4 billion.

http://www.nhc.noaa.gov/pastcost.shtml

Adjusted for inflation, that brings the cost up to $7.45 billion today.

http://data.bls.gov/cgi-bin/cpicalc.pl

The damage figure that was quoted was probably a newer measure that estimates what the damage would be if Camille had hit today, with current levels of coastal development.

Notice something interesting about the list of most damaging hurricanes from the NHC--all but two of them (Hugo and Andrew) happened in the last ten years.
 
I am from a county where the eye of two hurricanes came through last year (St. Lucie/ Martin)., Jeanne and Frances
http://www.srh.noaa.gov/mfl/newpage/JEANNE.html

When i went back at Christmas time 75% had blue tarps on their roofs still and it looked like a third world country.

The most expensive homes by the best builders in a multimillion dollar subdivison (St. Lucie West) were more damaged then some of the older original GDC homes. Some of the biggest builders (Maronda, Mercedes,Lennar and Tropical) build the biggest pieces of shit using the cheapest materials that get by because of overburdened inspectors. The Orlando Sentinel did a story last year on the biggest builders and all of them had between 20-40 violations for each house they picked. Many were for cracks in the foundation and a poorly set roof including the gables. It goes beyond the shingles and tile.
You just never know.

The same could have been said for Andrew. Homes 40 minutes away from where the eye made contact had their roofs and walls ripped apart.
My ex husband was a roofer and for years he never even had to go to Homestead as there was plenty of work from the Broward area to keep him busy.

Shingles and tiles are supposed to withstand 180-200 mph winds but that is nothing if you factor in what a torndao can do. It also doesnt seem to be accurate anyways judging from the amounts of shingles and tiles i seen ripped off last year many of the houses which were built after Andrew.

As for Katrina.... WOW. Her damage makes Andrew look like a day in the park. I have been watching video all morning on Fox News and it is just mindblowing. The water keeps rising and they have declared martial law. What's worse is the fact that they believe hundreds of people have perished and they are struggling to save the ones they can.
This is EXACTLY why i moved off the coast.

Mariposa i thought of you right away. My heart goes out to you and to the city of New Orleans and Gulfport .

eta - i just reread the actual story from the Orlando Sentinel and it was of 400 new homes in central Florida 80% were built with major problems.
http://www.wesh.com/news/2595371/detail.html
 
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looks like my predictions from page two and three are coming true my newly diversified portfolio is up 14%

makes me feel sick makeing money off of tragedy but what are you gonna do miss the boat?
 
wow this is unbelievable.. martial law declared because the water is rapidly rising and contaminated. unknown number missing or dead.. city looks beyond repair from the air. Good lord in heaven..
 
capt.ladp10108301526.hurricane_katrina_ladp101.jpg
 
reports are suggesting the flooding will not stop until lake level spreads over the entire city. they cant stop it and dont know its source.

here is a image of the elevation..

New-Orleans-Ground-Elevs.jpg
 
holy shit! that pic of the oil rig is insane! i wonder how many were actually picked up and moved like that one....
 
Judging by the picture of that oil platform, I may have been wrong about prices if others are effected in a similar way.
 
My company insures a property (apartment complex) in New Orleans and we have yet to get word regarding the extent of the damage. I am very concerned for everyone stuck down there, not to mention the potential catastrophe. The buildings will most likely be submerged in water for 6+ days which will destroy the foundation, resulting in the complete loss of the location. :(
 
ther are five rigs afoat in the gulf
Click to expand...

and who knows how many more are damaged....
Hurricane Ivan was a category 3 and it damaged 7 platforms and over 100 pipelines. Not to mention, it made landfall more due east of where most of the oil platfroms are located.
 
paradoxcycle said:
My company insures a property (apartment complex) in New Orleans and we have yet to get word regarding the extent of the damage. I am very concerned for everyone stuck down there, not to mention the potential catastrophe. The buildings will most likely be submerged in water for 6+ days which will destroy the foundation, resulting in the complete loss of the location. :(
Click to expand...

I dont think anybody can make a realistic guess on the amount of damage that its caused yet. I think when its all added up its going to be more than the 29 billion estimate they said. The estimated cost damage for Andrew was $26.5 billion. There wasnt to much floding with Andrew it basicley just ripped everything in its path apart. The cost of rescue workers and people trying to pump the water out will cost billions alone.
 
How soon before other countries send aid to help the US with our natural disasters? Will anyone help?

I'm just thinking of the truck load of money and help we send to that tsunami area.
 
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