San Jose Flood Evacuation Emergency

[Tim McGarvey]

Those of you located in the Bay Area, specially the South Bay have undoubtedly seen or at least heard about the evacuations, building damages, freeway/road closures currently taking place with the nonstop storming over the past few weeks. While it's probably premature to assess the entire situation, how do you think that these events still affect property values in downtown San Jose (where the major flooding is occurring) and ancillary areas? Anybody have a case study of a situation of a similar situation where a substantial number of homes were damaged due to flood or natural disaster and the associated real estate market reaction? 

http://www.mercurynews.com/2017/02/22/san-jose-flood-update-mandatory-evacuations-expand-overnight-about-14000-affected/