In the flood areas in Des MOines, no one wants their land .. and to build in any direction costs up the wahzoo. Homes are going for 300 -1 million dollars to the West. Up North in ankeny, it is about the same. Not sure who is buying these homes, but it isn't me... We had one building firm go belly up because of the market.. They shut down while homes were being built .. a lot of law suits followed and some other companies stepped in and took over ..
Flood insurance probably will be the item to invest in.. after the fact. I agree these naming of the types of floods, 100,200, 500 are a big joke.
I would think that buying near a flood plain or in one, by a lake home and so forth is plain nuts. but people do this.
We need some of the politicians have money pouring in to take care of the levees, the dams, to prevent this from happening or be able to control the problem to start with. The Army Corps is in Rock Island.. I wonder how much water they took in at their offices.