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re: What will the flood do to the housing market here?
Posted on 8/14/16 at 6:12 pm to dualed
Posted on 8/14/16 at 6:12 pm to dualed
Curious about this as well. I'm in the market for a new home and we were looking to make an offer in the next 30 days but now I'm concerned that home prices are going to rise with the amount of people needing places to live.
2
Posted on 8/14/16 at 6:14 pm to iAmBatman
I'm in Geismar about a minute from Dutchtown High School. IMO homes values will skyrocket but I wanted other people's opinions on it. I'm high and dry as of now. I know people who flooded out will obviously wanna go to areas where the waters didn't come up. Coupled with supply and demand. I'm thinking I just gained like 10k+ in equity
Posted on 8/14/16 at 6:15 pm to iAmBatman
quote:
Curious about this as well. I'm in the market for a new home and we were looking to make an offer in the next 30 days but now I'm concerned that home prices are going to rise with the amount of people needing places to live.
I doubt anybody will be able to turn around and buy a property in the next 30 days while wondering what is going to happen with their current one. So in the short term I think you'll be alright. Of course, some sellers may think they have a sellers market and may try to sell at a premium since theirs didn't flood.
Lots of ways to look at it. I imagine someone has direct experience from So. Car. and other recent floods.
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