re: question about a flooded home..

That's my thinking: it has flooded, so it's only a matter of time until it floods again. How resilient are you? Have you mucked out a flooded house? Some ppl who've been through that sort of thing don't ever want to do it again. Others aren't bothered by the hassle and see it as an acceptable risk.

Personally, I'd pass, esp if you already live in the area in a street that didn't flood.