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re: What will the flood do to the housing market here?
Posted on 8/14/16 at 9:35 pm to LSUFanHouston
Posted on 8/14/16 at 9:35 pm to LSUFanHouston
Lending rules were a bit different after Katrina (pre 2007) as well. Banks were willing to lend on those jacked up prices. I suspect things will not be the same at this point and buyers will not be able to finance at excessively high prices as the appraisals will not come through.
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