View Full Version : Earthquake! Everybody run for the - nevermind.
Gn2Dlnd
01-29-2007, 02:17 PM
Leetle earthquake. Just now. Honest!
http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/ci10228921.php
Capt Jack
01-29-2007, 02:32 PM
a 2.7?? geez, I cause more of a shake climbing out of bed :p
RStar
01-29-2007, 02:33 PM
a 2.7?? geez, I cause more of a shake climbing out of bed :p
Me too, but there is also a smell assosiated. :blush:
Capt Jack
01-29-2007, 02:35 PM
wasnt goin there with it.....but, yeah. ditto
mousepod
01-29-2007, 02:39 PM
One good shake and the buyer's market will be great. We've been waiting for a decade here and it just won't happen...
Bummer, I didn't feel it.
One good shake and the buyer's market will be great.
The weirdest things prompt to research things. This seems logical but following the Loma Prieta earthquake, San Francisco median housing prices did fall in over the next half decade. But not as much as they did in California as a whole (and much less than the other major municipal areas in this chart (http://www.abag.ca.gov/abag/overview/datacenter/housing/homesale.html)).
mousepod
01-29-2007, 03:21 PM
I found this (http://findarticles.com/p/articles/mi_qa3750/is_200304/ai_n9214846/print).
The results indicate that the Northridge Earthquake had a negative impact and overall capitalization rates rose. This negative effect, however, was not uniform over the entire Los Angeles area. During the first year the impact was correlated with distance to the epicenter and proximity to areas with high concentrations of damage. This negative effect, however, proved to be a temporary phenomenon.
Since I'm getting ready to buy, I'm thinking a month or two after a big one would be ok.
Probably depends on the neighborhoods hit worst. The worse the neighborhood the more speculation you'd see (on redevelopment), creating upward price pressure.
What happened to Malibu housing prices after their fires?
RStar
01-29-2007, 04:41 PM
I would think a fire would be considered differently in peoples minds. It's more of a "having all the right conditions together all at once" phenomenon rather than a natural disaster like a hill slide , earthquake, or even flood.
CoasterMatt
01-29-2007, 05:15 PM
I'd move closer to the epicenter, since that area has had it's tectonic pressure lessened.
Cadaverous Pallor
01-29-2007, 08:00 PM
I'd move closer to the epicenter, since that area has had it's tectonic pressure lessened.Much like how I have no qualms eating at a restaurant a month after they get busted for health standards. At that point, they're probably the cleanest eatery around.
vBulletin® v3.6.4, Copyright ©2000-2025, Jelsoft Enterprises Ltd.