Re: Cali-Shakes? - Posted by Sailor
Posted by Sailor on March 10, 2006 at 16:15:50:
I recommend that Geology 101 be a prereq for purchasing any Calif. property. Yes, there will be earthquakes, & sooner rather than later. In fact, you can have severe structural problems from movement, even w/out a quake. You need to allow for earthquake insurance, as well as possibly flood insurance, in your financial calculations. I’m not kidding about the geology class–although it wasn’t my major, it was the most valuable class I took in college. The earth is not a static entity; it is very dynamic, & you need to know how to look for telltale signs of impending problems no matter where you invest. You can’t anticipate every problem, but there are some major ones you can easily avoid w/a little bit of knowledge.
Calif. isn’t the only place subject to earthquakes (e.g., IL & NY). Every place has potential major problems–in NC I am dealing w/rising sea level, & am seriously considering a move to higher ground. I researched it before buying here on the water, so knew approximately how long to hold, & time is almost up–