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Asked by ., San Francisco, CA Mon Apr 23, 2007

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Answers

4
Keith, , Berkeley, CA
Tue Apr 24, 2007
Immediately after the 1989 SF e-quake, there appeared to be a drop in interest/value in SF real estate, especially in the Marina district, which was hit hard (it's on landfill, which is extremely vulnerable in equakes). However, it appears that people just continue to ignore the high probability (62%) that the big one will hit the Bay Area in the next 30 yrs, as evidenced by continued high prices
1 vote
Sat Aug 15, 2009
For older construction it can decrease the value.



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0 votes
Lawandorder, , New York, NY
Wed May 9, 2007
Probably the same as terrorist threats in NYC, Hurricanes in the South, Tornadoes in the midwest and Neil Diamond in Vegas - I have no clue what that last one means.

But as you can tell buyers really don't buy with logic. No matter how hard we try to conivince ourselves, we buy homes/properties because of emotions - we feel successful, inteligent, daring, etc. Even when someone thinks they bought for price/value, they only use that to rationalize a purchase of something they like... so that being said, If people were scared of earthquakes they never would have rebuilt S.F. after the fire. Millions wouldn't live here, this place is special and beautiful, these things far outweigh any logic that may sway you about earthquakes. Plus buildings and safety have caught up to help deal with earhtquake dangers. Take your pick: quakes, terrorists, tornadoes, hurricanes, water shortages, winter storms, no jobs, floods, you name it every city has some reason why you should not live there, but people do.
0 votes
Trulia Roger, Home Buyer, Alameda, CA
Fri Apr 27, 2007
People also keep building and buying homes in other danger-prone areas, such as flood plains around Sacramento. It seems location, location, location trumps safety, safety, safety.
0 votes
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