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Originally Posted by KRL
LOL, you've never owned a property in an earthquake zone I imagine..
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I rented my house but I had friends who owned homes in LA and the few that did sell after the quake did not lose money.
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Originally Posted by KRL
Properties do go down in value when its a buyers market because you have a lot of desparate sellers that just want out no matter what the price.
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true but the majority of homes that are sold in instances like that (ie desperate) are very short term and dont lose value in the long run.
that 94 earthquake was a leveler so to speak
i just feel all this talk of a bursting bubble is bullshit.
i do think its going to level off and stop for awhile.
but a decline in price?
nope.