[eschaton]

Again guys, the real issue is not the damage per se, it's insurance rates.

If you have a mortgage, you need homeowners insurance, and the industry was already on the precipice of collapse in the state due to earlier storm damage. Rates will jack through the roof, and some homes may become all-but uninsurable. This means only cash buyers will find the "cheap housing" to actually be cheap, which means mostly doubling down on retirees who make poor life choices.