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Updated almost 6 years ago on . Most recent reply

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29
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Sid Jones
  • Richmond, TX
31
Votes |
29
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Thoughts about post-Harvey and the area flooded by the reservoir

Sid Jones
  • Richmond, TX
Posted

So, I'm noticing some good values in the area downstream from the area flooded by the Army Corps of Engineers. Given that it is unlikely they will do that again any time soon, and that mitigation projects are underway to reduce the chance of future flooding, does the community still think this is a no-go area? Or is this still a place where deals could be made?

  • Sid Jones
  • Most Popular Reply

    User Stats

    1,145
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    Mark Sewell
    • Investor
    • Houston, TX
    871
    Votes |
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    Mark Sewell
    • Investor
    • Houston, TX
    Replied

    I think you have to clearly differentiate those areas that flooded previously (Tax day, Memorial Day, etc.) prior to Harvey, and those areas that got hit due to the release of water from the reservoirs during Harvey.

    @Jason Bible I seem to remember that you called it in those days/weeks immediately following the event -- great opportunity to buy & hold rental property, but it might take a little time for collective memory to forget about the flooding.

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