Houstons Recent Floods- What Changed?

[Trey Watson]

Since the recent flooding here in Houston occurred, I have noticed changes in investors attitudes towards different parts of town- which is inevitable to a point. People wont touch houses that are in certain neighborhoods that were once the hottest neighborhoods to buy in. Even at discounts.

Has anyone noticed this? What areas/neighborhoods do you need to watch out for and why?

Any input would be appreciated.

[Eric Tait]

I am not an expert, but if something like greater than 50% of the home's value was determined to be damaged, the city is going to make the owner raise the property above the flood plain.

Again, I am not an expert, but I think this is the number.