COMMENT OF THE DAY: WHAT FLOODING ON THE WEST SIDE TOOK AWAY “Homes underwater for extended periods can be rebuilt, as long as they were not subjected to currents sufficient to cause major structural damage or foundation scour. They just take longer to dry out (ours took over a month). Like Local Planner said, in many of the flooded neighborhoods north of the bayou, original-condition homes had basically no value before the flood (i.e. they were being sold for lot value and torn down). The process is indeed accelerating, with new builds being elevated à la Bellaire and Meyerland. The big question mark for me is how much of a market there’ll be for $1+ million new homes in a potentially flood-prone area (even if your elevated home doesn’t flood during the next big one, you’d likely lose the cars in your non-elevated garage and need to be evac’d by boat). The market was soft in the Energy Corridor even before the flood. A new supply of high-end homes doesn’t automatically beget demand. Hopefully the new MD Anderson complex in the area will help (and potentially spur further diversification of employment in the Energy Corridor beyond oil and gas).” [Grant, commenting on Daily Demolition Report: Memorial Glint] Illustration: Lulu