I could have written that word for word. Every time I think I’ve seen peak greed, I’m proven wrong.
In 2016 I was called to inspect a 3,500 sqft waterfront (mostly swamp) house that was a flood rebuild from 2015. The 26-year-old buyer was paying cash and bragging that “he got a deal”. During the inspection I took him outside and pointed out that the slab had barely a foot of elevation above the backyard bayou. His response was that the previous flood was a 100 year event and we’d never see one like that again in his lifetime.
The post-Hurricane Harvey floods hit 10 months later.
As of last week the house is still sitting gutted and vacant.
I wonder how someone 26 can have the wherewithall to buy a house like that and be stupid enough to buy a house like that? For cash?