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

quote:

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I love how people come on here to boast about making a great deal on a home, but have no desire or clue on how to capitalize. You are on a business board so expect people to throw some shade.

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Capitalizing is often difficult in situations like this. The other poster's situation is just like mine was. Let's say I sold my house after Katrina (or he sells after this flood). Yes, I just made the quickest $100K I'll ever make in my life. But now I need a place to live. Good luck finding rental property in an area where tens of thousands are now homeless. Buy a new house ? I can't move up to a "$100K bigger and better" house because now everything remotely close to my area is likewise overpriced. To buy a house similar to what I had at normal values and pocket the $100K profit, I need to move to a city that is at LEAST in another school district (though realistically more like 50+ miles away) - which means my kids have to change schools, find new friends, etc. And now I have a MUCH longer commute to work. Something like this that triggers a major temporary increase in home value is not always easy to capitalize on. I'd love to hear some realistic suggestions though, because a lot of people will be in this situation - and if there are realistic ways to capitalize, it's a once in a lifetime opportunity.