It’s axiomatic on Wall Street that the time to buy is when fear overtakes greed—when blood (or, in this case, water) is in the streets. Now some are eyeing the billions of dollars in hurricane-ravaged property in Texas and Florida and deciding it may be the time to take out their checkbooks.
Investors figure they can buy low, either fix up and flip the houses or rent them out for several years, and unload them later, doubling their money or more.
