Will you buy a flood zone house?

[Leigh Ann Smith]

Assuming that you are purchasing a SFR as a buy and hold, and you're financing it with a conventional mortgage, would you even consider properties for which flood insurance will be required by the mortgage company?

We're in the Houston area, so lots of homes are in flood zones. I really don't even want to consider them since there is no cap on the amount that the insurance can be increased.  What about you?