re: People are crazy about not buying a properly renovated property

quote:

---

i love your line of thinking. As I buy my rental properties, pricing will stay down. I love the OT. Reminds me why few are rich and many are poor.

---

Whether you want to accept it or not, a home that took on water is unequivocally less valuable now than it was before the storm, all else being equal. You can renovate it to its exact state 3 weeks ago and it is simply worth less now. It may be rezoned as an AE flood zone down the road and that uncertainty and significantly higher insurance cost that comes with it will decrease the value of the home.

No one is suggesting that homes won't be bought.