[REN #338] Hurricane Harvey Wreaks Havoc in Houston

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Picture of hurricane for for Real Estate News for Investors Podcast Episode #338

Rainfall from Hurricane Harvey is reportedly the heaviest in history, causing massive flooding in the Houston area.

President Donald Trump landed in Corpus Christi today to meet with with local officials and rescue services, but he will not visit the hardest-hit parts of Texas. White House press secretary Sarah Huckabee Sanders said, “the President wants to be very cautious about making sure that any activity doesn’t disrupt the recovery efforts that are still ongoing.” The President did say, “You’re going to see very rapid action.”

48 inches of rain was measured southeast of downtown Houston – the most ever recorded in the U.S. from a tropical storm making landfall. The last record was held by Tropical Storm Amelia, hitting Texas in 1978.

Federal officials predict that 30,000 people will need shelters and 450,000 people will need some sort of disaster relief.

More than 9,000 evacuees have been sent to Houston’s George R. Brown Convention Center so far. That’s nearly twice the number of cots available, so thousands of people have been sleeping on the floor. Dallas also opened a mega shelter at its downtown convention center.

It’s not over yet… A levee South of Houston breached and county official tweeted to “Get out now!” Apparently the roads there are flooded, with no evacuation routes. The levee breach is not expected to impact flooding in Houston.

The area hardest hit so far appears to be Brazoria County, located between Houston and the Gulf of Mexico.

As much as 15 more inches of rain is expected over the next few days. According to the CNN Weather Center, Harvey may be circling back tomorrow, hitting ground near the Texas-Louisiana border,

Many of our listeners own properties in the Houston area, so we reached out to the property manager to get an update. Here’s his response:

“Just wanted to thank everyone for their emails, calls and thoughts and prayers while we work through the aftermath of Harvey. Our Property Management side is kicked into high gear as we are checking on residents and properties and responding to emergency calls and making repairs.

The Fire Station across from our office is being used by the National Guard to stage vehicles and send out high water rescue teams.

The storm has been Epic in numbers with much of Houston receiving more than 25 inches of rainfall in just a few short days. I can tell you that the visions of people helping people in our great city are very real. We have seen so many people with Trucks and boats helping their neighbors and the less fortunate get to higher ground and safety. And, this is not new to Houston. There is even an expression here in Houston ‘This is not our first Rodeo.’

We have a long and proud history of not just surviving these types of disasters (TS Allison 2001, Hurricane Ike 2008) but emerging from them stronger than before. If you recall, Harris County has been the fastest growing county in the country for a decade. We are a diverse and resilient group of people and this event has again highlighted how a little adversity can bring out the best in all kinds of people.

We will keep an eye out for opportunities. As you can imagine, there will be a short-term demand for housing as we work to rebuild around the city. The long-term outlook is great as well. We will do our best to keep you informed.

The biggest challenge we face today is mobility as many of the area’s surface streets are impassable. This will take a day or two to subside and then we can begin to fully assess the situation.

We would again like to thank you for all your concern, support, and prayers and want you to know that they mean the world to us.”

We will keep you posted on how you can help with the rescue/relief efforts, including how to provide much needed housing.

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