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

Posted on 8/15/16 at 12:01 am to
Posted by dewster
Chicago
Member since Aug 2006
25439 posts
Posted on 8/15/16 at 12:01 am to
In areas hit by natural disaster.....the homes that were not impacted or not damaged see a temporary increase in value. Rents spike in the short term. 8-10 months later things return to normal. There will be a very robust home rennovation and repair business for the next year or so.


Edit: Also, vehicle sales will probably go up locally in the next month or so.
This post was edited on 8/15/16 at 10:31 pm
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