It was bound to happen… Opportunists looking to capitalize on the storm-ravaged areas of the Gulf Coast… An LA Times article in today’s Chronicle has some details on who’s buying right now.

“In some ways, Hurricane Katrina seems to have taken a vibrant real estate market and made it hotter. Large sections of the city were under water, but that’s only increasing the demand for dry houses. And in flooded areas, speculators are trying to buy properties on the cheap, hoping that the redevelopment of New Orleans will start a boom.”

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