Should I buy a house in a flood plain?

[Ben Wenger]

I found a single family foreclosed house for a good price, but it is located in a flood plain.  Should that worry me or what should I be careful of? Any advice would be great thanks

[Andreas W.]

I stay away from rentals in flood plains. The potential insurance rate hike can ruin the  numbers from one year to the next and once you pay huge insurance amounts, you can sell the house only with a steep discount. We are in a time of more rapid climate change with multiple 100 year floods possible in a decade. You might be perfectly fine but you might be not.