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

Posted on 8/26/16 at 12:18 pm to
Posted by slackster
Houston
Member since Mar 2009
85008 posts
Posted on 8/26/16 at 12:18 pm to
quote:

I think we're dealing with a matter of time before things get back to normal or better because so much will be invested. Hard to see right now, but it will happen.


The bottom line is that property that took on water will be less valuable than the exact same home that didn't take on water. Period.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68318 posts
Posted on 8/26/16 at 12:32 pm to
quote:

Its pretty much 10 inches of rain in Austin and the river is flooding.. I really think there is something to all that concrete




Common sense tells ypu that. The bare ground absorbs water at a signifigant rate. Take that away, plus the plantlife to slow water runoff down, and boom.
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