The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (33217)	6/12/2005 12:07:46 PM
From: kikogrey	Read Replies (3) of 306849

Well here's a potential problem. Just sitting enjoying a leisurely Sunday breakfast this morning when the ground starting shaking. A mild (5.6) earthquake. A significant earthquake could easily hasten the unraveling of So. California real estate. Wouldn't be fun holding a mortgage on an earthquake damaged home that you couldn't afford to repair--structural repairs don't come cheaply. I remember the nightmare insurance aftermath of the Northridge earthquake, I had my homeowners cancelled indirectly because insurers were bailing on California--I made two phone calls to Prudential inquiring about coverage and they counted as "claims with $0 payment" and Prudential cancelled my 20 year policy and it was impossible to replace.

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