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Re: One Houston suburb devastated by Harvey is sure to flood again, yet speculators are making a killing buying and reselling storm-damaged homes 

By: oldCADuser in FFFT3 | Recommend this post (2)
Sat, 05 May 18 4:08 AM | 68 view(s)
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Msg. 43163 of 65535
(This msg. is a reply to 42136 by clo)

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One Houston suburb devastated by Harvey is sure to flood again, yet speculators are making a killing buying and reselling storm-damaged homes
By: clo
in FFFT3
Sun, 25 Mar 18 1:17 AM
Msg. 42136 of 65535

One Houston suburb devastated by Harvey is sure to flood again, yet speculators are making a killing buying and reselling storm-damaged homes
Saturday, March 24, 2018 3:18 PM EST

Canyon Gate’s fate lays bare a dilemma for coastal areas in a time of climate change: Many of the neighborhoods where we live should never have been built in the first place, and returning could make the consequences of the next disaster much more severe.

But in the short term, speculators are profiting from the urge to rebuild.

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