Hurricane Harvey Homes

[John Kondroik]

I’m currently living in The Woodlands, TX (slightly north of Houston) and there’s quite a few Harvey houses on the market that have been gutted and have a pretty low asking price but could probably be gotten for even cheaper in some circumstances.

My question is: even though they are flooded does the price for that area eventually come back to normal? Or is it dented for a really long time due to that area flooding? Is it a horrible idea to touch a home damaged by a hurricane?

Would love insight from anyone who has had experience in this field.

Note: I don’t have one particular route. Would like to know the long term effects (buy and hold) and the short term (refinishing and flipping these homes)

Thanks!