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re: What will the flood do to the housing market here?
Posted on 8/14/16 at 6:15 pm to iAmBatman
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.
1
Posted on 8/14/16 at 6:18 pm to Teddy Ruxpin
I'm thinking maybe a few months from now when things calm down. If I can refinance and lose PMI I'm all about it. I'm not sure about selling after this catastrophe, but I'd love to gain equity in my home for when I sell in the future. Unfortunately it will have come at the expense of those who have suffered during this all.
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