If its our area (Flordia coast)… that’s not a problem.
Buyers don’t care. They don’t know squat about flooding or hurricanes, they just come in from out of state and get dazzled by the realtor and the weather and everything and buy.
Our housing market was so crazy houses were being auctioned left and right. Market value just keeps going up, even on the coast.
TL;DR if the area is superficially attractive enough, home buyers are idiots. I realize this is probably not the case in Georgia mountains, but it his here, and its enabling a vicious cycle where builders keep building homes in obvious flood zones, where they absolutely shouldn’t.
Not exactly. My coworker has been trying to sell his waterfront home for over a year. He keeps having to rehab it after flooding from storms and then right back on the market. No luck. Starting October 13th or something you have to start disclosing floods when selling, also.
That doesn’t fix the problem, it just changes who has the problem. Though I’ll admit that idiots buying bad stuff from other idiots in a cycle until eventually one idiot gets their life totally ruined feels a little on the nose.
If its our area (Flordia coast)… that’s not a problem.
Buyers don’t care. They don’t know squat about flooding or hurricanes, they just come in from out of state and get dazzled by the realtor and the weather and everything and buy.
Our housing market was so crazy houses were being auctioned left and right. Market value just keeps going up, even on the coast.
TL;DR if the area is superficially attractive enough, home buyers are idiots. I realize this is probably not the case in Georgia mountains, but it his here, and its enabling a vicious cycle where builders keep building homes in obvious flood zones, where they absolutely shouldn’t.
Not exactly. My coworker has been trying to sell his waterfront home for over a year. He keeps having to rehab it after flooding from storms and then right back on the market. No luck. Starting October 13th or something you have to start disclosing floods when selling, also.
That doesn’t fix the problem, it just changes who has the problem. Though I’ll admit that idiots buying bad stuff from other idiots in a cycle until eventually one idiot gets their life totally ruined feels a little on the nose.