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How accurate is this assumption?

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PeeluckyDuckee

Diamond Member
Just something that came to mind.....

If a city that lies on the fault line and near the seashore and rocky mountains (many west coast cities in the US may qualify) suddenly had a devastating 8.0 earthquake, how would this affect the property value of direct neighbouring cities? Is it safe to assume some of those affected would move to the neighbouring cities due to proximity and similiar geography? Thus causing an influx in demand and property value would trend upwards short term?

Or would the influx be too small to feel any impact of movement?

 
Originally posted by: PeeluckyDuckee
Just something that came to mind.....

If a city that lies on the fault line and near the seashore and rocky mountains (many west coast cities in the US may qualify) suddenly had a devastating 8.0 earthquake, how would this affect the property value of direct neighbouring cities? Is it safe to assume some of those affected would move to the neighbouring cities due to proximity and similiar geography? Thus causing an influx in demand and property value would trend upwards short term?

Or would the influx be too small to feel any impact of movement?
Click to expand...

Depends on the location. You can assume again based on the bay area.
 
Actually, you read my mind, I just didn't want to say any particular city and jinx it in case something really did happen tomorrow *knock on wood*.

I'm just thinking how many people/businessmen actually think this way and hoping to profit from other peoples' misfortunes. I beleive since the 1989 San Fran earthquake there was news experts expect a larger repeat within 30yrs.

 
Originally posted by: PeeluckyDuckee
Actually, you read my mind, I just didn't want to say any particular city and jinx it in case something really did happen tomorrow *knock on wood*.

I'm just thinking how many people/businessmen actually think this way and hoping to profit from other peoples' misfortunes. I beleive since the 1989 San Fran earthquake there was news experts expect a larger repeat within 30yrs.
Click to expand...

A lot of people will squeeze every penny they can out of disaster victims. look at Katrina. How many contractors went down there to fix stuff, got paid up front and took off. LOTS. It's easy money because the victims have no other immediate alternative. Greed is alive and well in the world.

 
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