Are you more likely or less likely to buy now?

[Anonymous]

I live in Texas. No we do not usually have wildfires like the ones that blow through So Cal periodically. We don’t experience the kind of extreme low humidity, we get more rain (although we are prone to droughts, just not low humidity ones).

Of course we do have big thunderstorms which is certain areas also come with hail and tornadoes. And of course southern coastal Texas has the occasional hurricane. So it’s a trade off. We get tornadoes, hurricanes, hail. So Cal gets earthquakes, mudslides and fires. Take your pick.

[mixxalot]

But housing is CHEAP in Texas

So would rather deal with that and get a bargain price on a nice home. Will see what happens next year to San Diego real estate prices.

[mixxalot]

But housing is CHEAP in Texas

So would rather deal with that and get a bargain price on a nice home. Will see what happens next year to San Diego real estate prices.

[mixxalot]

But housing is CHEAP in Texas

So would rather deal with that and get a bargain price on a nice home. Will see what happens next year to San Diego real estate prices.

[hipmatt]

I won’t buy until the housing bubble corrects and RE prices return to a more reasonable level in line with rents and incomes. The fire has very little, if nothing to do with this.

[hipmatt]

I won’t buy until the housing bubble corrects and RE prices return to a more reasonable level in line with rents and incomes. The fire has very little, if nothing to do with this.

[hipmatt]

I won’t buy until the housing bubble corrects and RE prices return to a more reasonable level in line with rents and incomes. The fire has very little, if nothing to do with this.

[4Sbuyer2002]

What a bunch of ignorant dumba$$es. Fires make So. Cal RE less valuable? News flash there have been fires of this type in So. Cal for all of known human history. There is lots to deflate the sky high prices in So. Cal. Santa Ana winds and fire aren’t one of them. If anything, the influx of insurance money followed by a mini re-building boom will put a significant fraction of out of work construction workers back to work and be mildly stimulative. Check out what RE prices for the unaffected area of New Orleans did after Katrina. They almost doubled. That won’t happen here but this event, as devastating for SOME as it is, wont’ affect the RE market much one way or another. If anything it may bolster it slightly.

grateful owner . . . .

[4Sbuyer2002]

What a bunch of ignorant dumba$$es. Fires make So. Cal RE less valuable? News flash there have been fires of this type in So. Cal for all of known human history. There is lots to deflate the sky high prices in So. Cal. Santa Ana winds and fire aren’t one of them. If anything, the influx of insurance money followed by a mini re-building boom will put a significant fraction of out of work construction workers back to work and be mildly stimulative. Check out what RE prices for the unaffected area of New Orleans did after Katrina. They almost doubled. That won’t happen here but this event, as devastating for SOME as it is, wont’ affect the RE market much one way or another. If anything it may bolster it slightly.

grateful owner . . . .

[4Sbuyer2002]

What a bunch of ignorant dumba$$es. Fires make So. Cal RE less valuable? News flash there have been fires of this type in So. Cal for all of known human history. There is lots to deflate the sky high prices in So. Cal. Santa Ana winds and fire aren’t one of them. If anything, the influx of insurance money followed by a mini re-building boom will put a significant fraction of out of work construction workers back to work and be mildly stimulative. Check out what RE prices for the unaffected area of New Orleans did after Katrina. They almost doubled. That won’t happen here but this event, as devastating for SOME as it is, wont’ affect the RE market much one way or another. If anything it may bolster it slightly.

grateful owner . . . .

[Bubblesitter]

I guess time will tell the impact on local housing pricing.

Next fight for all those who lost their houses will be against the insurance companies.

This is a very sobering story from Bloomberg

http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance

Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.

It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.

Bubblesitter

[Bubblesitter]

I guess time will tell the impact on local housing pricing.

Next fight for all those who lost their houses will be against the insurance companies.

This is a very sobering story from Bloomberg

http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance

Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.

It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.

Bubblesitter

[Bubblesitter]

I guess time will tell the impact on local housing pricing.

Next fight for all those who lost their houses will be against the insurance companies.

This is a very sobering story from Bloomberg

http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance

Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.

It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.

Bubblesitter

[one_muggle]

Re Katrina,
NYC also boomed post 9-11, go figure.

Though,strong quakes do tend to send people packing and RE down, at least in the short term.

-one muggle

[one_muggle]

Re Katrina,
NYC also boomed post 9-11, go figure.

Though,strong quakes do tend to send people packing and RE down, at least in the short term.

-one muggle

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