Investing Now in Hurricane Devistated areas

[Cody Larsen]

Hello All, just wondering what if anyone has thought about investing in some of the areas that were damaged from Hurricanes over the last year. As an example in Port Arthur Texas? Homes are definitely on sale right now, some have been repaired some are tore down to the studs. Has anyone considered investing in areas like this? 

Warren Buffett has always states, 'When people are feerfull be greedy, and when people are greedy be feerfull'. Well... People are definitely feerfull in areas along the coast that have been ravaged by hurricanes and flooding. Thoughts?