Why would the california housing market crash?

[rahvin]

Originally posted by: Chompman

Originally posted by: notfred

Originally posted by: CRXican
SUPER ULTRA MEGA EARTHQUAKE

the people will flee and the houses will be free for the taking!!!!

Happened in 1989, it didn't last very long.

Not when the earthquake splits california off from the main land and makes it sink...

Sorry to interject reality into your humor but:

The San Andreas is a classic ``Strike Slip'' fault: the two sides (for the most part) move past each other horizontally. (San Francisco Bay is there at least partly because the block between the San Andreas on the West and the Hayward fault on the East has been downdropped a bit, but that motion is small compared to the tremendous horizontal displacements that have occurred along these faults.) The vegetation and terrain on either side of the lakes look different partly because the underlying rock IS geologically very different. The rock on the right came from the Southern Sierra Nevada mountains, and has been transported from several hundred miles to the South by motion along the fault. With each San Andreas earthquake, it continues a few more feet (or tens of feet) on its long slow journey North (eventually to be plastered onto Alaska?).

http://sepwww.stanford.edu/oldsep/joe/fault_images/BayAreaSanAndreasFault.html

Based on the movement of the fault LA will be a suburb of SanFrancisco in about 6 million years (Insert Socal/Norcal joke here). There is no movement down, hence LA or California will never "sink" into the ocean.

 

[Chompman]

Originally posted by: rahvin

Originally posted by: Chompman

Originally posted by: notfred

Originally posted by: CRXican
SUPER ULTRA MEGA EARTHQUAKE

the people will flee and the houses will be free for the taking!!!!

Happened in 1989, it didn't last very long.

Not when the earthquake splits california off from the main land and makes it sink...

Sorry to interject reality into your humor but:

The San Andreas is a classic ``Strike Slip'' fault: the two sides (for the most part) move past each other horizontally. (San Francisco Bay is there at least partly because the block between the San Andreas on the West and the Hayward fault on the East has been downdropped a bit, but that motion is small compared to the tremendous horizontal displacements that have occurred along these faults.) The vegetation and terrain on either side of the lakes look different partly because the underlying rock IS geologically very different. The rock on the right came from the Southern Sierra Nevada mountains, and has been transported from several hundred miles to the South by motion along the fault. With each San Andreas earthquake, it continues a few more feet (or tens of feet) on its long slow journey North (eventually to be plastered onto Alaska?).

http://sepwww.stanford.edu/oldsep/joe/fault_images/BayAreaSanAndreasFault.html

Based on the movement of the fault LA will be a suburb of SanFrancisco in about 6 million years (Insert Socal/Norcal joke here). There is no movement down, hence LA or California will never "sink" into the ocean.

Stop being geeky and believe what hollywood tells you!!

 

[olds]

<--- Knocks wood.

 

[IGBT]

..800k for a stuco 2 bedroom shack in SF built 50 years ago??..a large sizemic event could crash it. We all know the "big one" is long over due. Intrest rate rise..jobs going to China and elsewhere..many things can effect it.

 

[shopbruin]

i'm waiting for the defaults on all the interest only loans in about five years.

i might have money then to buy a house...