[quote=UCGal] […]When you have a large number of displaced households it may not be as easy to buy the replacement house down the street.[/quote]
True, and I considered this. But we are not in a high-risk fire area (little vegetation, pretty deep into the “burbs”). It would take a wildfire 100 times bigger than anything CA has ever seen to reach our neighborhood, so I don’t consider this to be a risk.
I do wonder what would happen if a tract house is “totaled” and then abandoned because it is not worth it to repair. Are there laws against this? Does the HOA get involved? Anyone know of any examples of an “empty lot” in a suburban tract neighborhood that is the result of a house burning down and never being rebuilt?
