this post was submitted on 29 Sep 2024
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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.
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.