Over 85% of people living in Houston do not have flood insurance. Some of these people who escaped flooding in the past now have a house under water, a hefty mortgage (ironically known as being under water), and low savings.
I wonder how many of them will simply tell the bank, "It's all yours", and head for the hills. That leaves the bank owning a worthless house unless it wants to spend mega dollars to fix it up. Most likely they'll just bulldoze it and sell the land.
Overall, I don't think Houston will lose very much of it's population like New Orleans did after Katrina since it's a much bigger city that has experienced rapid growth and a good economy, but it might slow the growth down which is a bad economic omen.
Cozilife, the company that brought us the wonderful silicone egg poachers, has a beautiful chef's knife on deal today with a savings of $60.00.
MaidMax - Your Organized Experts have some great deals on organizing components at Amazon. Check it out - closets, laundry room, and car.