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re: What will the flood do to the housing market here?

Posted on 8/14/16 at 9:51 pm to
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 8/14/16 at 9:51 pm to
If you are dry, your value increases significantly. If you got water, your value decreases likely. Not just because of the water, but because everyone now knows the safe places versus the potential hazards.
Posted by dualed
Member since Sep 2010
4718 posts
Posted on 8/14/16 at 11:38 pm to
I've taken pics of my home with time stamps just for future reference if anyone wants to see how the flood affected my home and the neighborhood itself. Thought it couldn't hurt
Posted by ItNeverRains
37069
Member since Oct 2007
25816 posts
Posted on 8/17/16 at 6:44 am to
quote:

?Posted on 8/14/16 at 9:51 pm to dualed

If you are dry, your value increases significantly. If you got water, your value decreases likely. Not just because of the water, but because everyone now knows the safe places versus the potential hazards.




This is exactly what happened here after 2010 Nashville floods and is what I would expect to see there. My parents are over in Parker Place and dry as a bone. That little hood is going to skyrocket IMO.

If selling I would try to sit 4-5 years and let time heal wounds so to speak. You will get beat up selling this quickly after event. Prop Managers will be licking chops for rentals, as some will over react to flood and give property away.

Rental market will be fierce next 12-24 months.
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