I read an article that claimed that there are not enough tradesmen in the country to rebuild Florida and Houston. That got me to thinking about what's coming next.
Insurance company failures: Particularly in Florida where the big companies pulled out. I fear that the companies that remained may not be able to absorb the losses. It all depends on the re-insurance.
Shortages:
-- Shortage in the trades: construction, inspectors
-- Shortages of materials: all kinds
then
-- A bubble of construction in Texas and Florida
then
-- Scandals involving shoddy construction work and materials.
-- Scandals involving flooded cars rehabbed and sold all over the country.
My takeaway would be that if you have to do construction, do it now. If you need a used car, buy it now or be very careful.
We recently built a house and I have to admit that I'm a bit concerned for the company. I'm guessing that they might lose people to high paying jobs in the south.