Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (72648)	2/28/2010 9:18:46 AM
From: carranza2	1 Recommendation Read Replies (1) of 74559

There is no law in Haiti to stop people building earthquake and hurricane resistant houses. Of course not, but Haitians are subject much more stringently to the most compelling law there is: The Law of No Money and No Resources. If the general populace is as poor as church mice, the quality of buildings will suffer. The average Haitian simply does not have the ability to find a rock on which to build his home, then do the engineering and construction work necessary to make sure it is seismically safe. Ditto hurricanes. I suspect that a reasonably intelligent but poverty stricken Haitian probably thinks that if he builds cheaply, he will rebuild cheaply should it become necessary. In the meantime, he takes his chances because he cannot afford to build a secure residence. If he is poor even by Haitian standards, he may well not be able to afford to rebuild after a disaster. But he needs shelter now and does his inadequate best. Poverty is tough. But you know this. Nothing new here. P.S. I thoroughly enjoyed the discussion you had with Gib. Some of you Kiwis are absolutely brilliant.

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