Buying in the Hurricane Hot Zone

So you think the Katrina-ravaged Gulf Coast is ripe with real estate deals? Think again

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Almost one year ago, Hurricane Katrina devastated the Gulf Coast. The Category 3 storm, which made landfall on the morning of Aug. 29, 2005, generated winds of up to 175 mph, caused more than $81.2 billion in damage, killed more than 1,800 people, and displaced many thousands more, of which a large percentage have yet to return.

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