Earthquake Risk – South Beach Condos

Credit and mortgage advice Forums Buying Your Home Buying a Home in Bay Area Earthquake Risk – South Beach Condos

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    • #244074

      I’m returning to the Bay Area next year and am considering a condo in one of the new buildings in South Beach. *However, when I look at the earthquake map I discovered that all of the land surrounding the Embarkadero and King street is reclaimed land that will likely liquify in the event of an earthquake. *This is not good. *
      I know these condos typically carry earthquake insurance but generally it only covers structural damage and has a big deductible. *Suppose the building is not repairable or the land is flooded over? *While I am willing to risk losing $135K I am not willing to risk $900K. *
      Are buyers ignoring this risk or am I overstating it?

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