Anyone have thoughts on what will happen to values in the Bellaire/West U in the 100 year floodplain whose streets flooded? What about newer houses on those streets that are up off the ground and of course didn't flood because they are 4 feet off the ground?
One thought of course is values would drop because they flooded, or the street flooded.
But if they are in the 100 year flood plain, shouldn't that already be reflected in the value?
Any chance the value of the houses off the ground could go up? Inventory in these areas I assume will drop due to the flood.
One thought of course is values would drop because they flooded, or the street flooded.
But if they are in the 100 year flood plain, shouldn't that already be reflected in the value?
Any chance the value of the houses off the ground could go up? Inventory in these areas I assume will drop due to the flood.