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Seattle Bubble Forum Archive • View topic - California fires and housing

California fires and housing

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

California fires and housing

Postby gills » Wed Oct 24, 2007 8:29 am

With the number of homes burning in the southern California fires, I had to take pause and wonder what effect there may be on their local housing market. Speculation is welcome, but data points for the effect on housing from other natural disasters would be even better.
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Postby Alan » Wed Oct 24, 2007 9:44 am

I'm guessing that housing supply prices will rise and building company stocks will rise. Rents will likely skyrocket short term. How many people will leave the area and never return?
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Postby mike2 » Wed Oct 24, 2007 10:07 am

Temporary increase in rental demand, but it's unlikely these people will qualify for another mortgage when the equity in their primary residence literally went up in smoke.

Different natural disaster, but do you remember those 6 townhomes on Lakeview Drive just below St Marks cathedral?

Even after the foundations got washed out and they were uninhabitable, the owners were still paying the mortgage on them for years. Turns out that because of the slide the land was basically worthless as well.
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Postby finance » Thu Oct 25, 2007 7:45 am

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Postby rose-colored-coolaid » Thu Oct 25, 2007 7:55 am

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Postby Lake Hills Renter » Thu Oct 25, 2007 11:12 am

Last edited by Lake Hills Renter on Thu Oct 25, 2007 12:50 pm, edited 1 time in total.
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Postby biliruben » Thu Oct 25, 2007 11:46 am

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Postby deejayoh » Thu Oct 25, 2007 11:49 am

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Don't for a minute think insurance is a sure thing

Postby SunTzu » Thu Oct 25, 2007 12:56 pm

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Re: Don't for a minute think insurance is a sure thing

Postby uwp » Thu Oct 25, 2007 1:27 pm

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Postby mike2 » Thu Oct 25, 2007 2:56 pm

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