Anyone selling real estate in the cascadian subduction zone affected area?

Question

Looks like several credible scientists from different organizations and universities agree that it will likely happen sometime in the next 50 years and will likely be the worst natural disaster in the countries history.

I think sticking ones head in the sand and saying oh, it's just scaremongering is ignorant. These are scientists from respected organizations. Joe Blow on the street who says it's just scaremongering has what credentials and evidence exactly?

That said, is anyone planning on selling off any assets in the PNW that might be affected by this? Is anyone no longer going through with purchases after learning of this?

The thought has crossed my mind. Luckily everything I own is EAST of I-5, which they say should be OK, but still. It could be worse than what they say. The thought of selling and buying in another location without such risks, preferably low cost of living area, is appealing...

Russ Scheider · Answer

If anyone on the site is fearful enough to sell off their coastal properties at pennies on the dollar, I am buying!

Jay Hinrichs · Answer

@Jack B.

this is a real estate investing site.. I have not seen many scientist posting on here lately..

but the exact same could be said for global warming and the sea shore rising..

Miami is gone ,,, Charleston SC is gone... NEW YORK city under water. Alameda CA

and virtually any port city will be affected... its going to happen according to scientists.. however I don't see a big rush to sell off those properties or prices collapsing.

I know on the Oregon coast tsunami's are a real item of concern.. I am building some specs right now in Seaside and part of our marketing is we are above the Tsunami zone.

Although if its a 600 foot wave like the article talked about we would still get wiped out as we are only about 150 feet above MSL. As for Seattle and Portland.. I think it would be hard for a Tsunami to funnel up the straight of San Juan De fuca and then spread out again I could be wrong.. and the same thing about coming 65 miles up the Columbia river I think it could peter out over that distance.. But earthquakes are always a risk.. the largest earthquake on record out side of Alaska was in the mid west.. and they say they are due for a big one again.. so its just life.. you live it the best you can and hope your not in an unreinforced building or like what happened to hwy 880 in Oakland during the Loma preita quake and it pancaked the freeway and many died..

And for that matter there was a VICE episode that says we are entering another cold war with Russia so the threat of nuclear attack is real...

Robert Laird · Answer

http://www.biggerpockets.com/forums/61/topics/2123...

I posted that article 10 days ago. I don't know why it took everyone so long to catch on. Glad people are talking about it now

Jay Hinrichs · Answer

@Jeremy Krantz

the streets do get water in them now with high tides and its why all the houses we are currently building are 4 to 9 feet in the air  LOL... Not keeping me away.. ...

But for my grand kids I am buying them property on the east side of the Cascades  LOL.

I don't think global warming will affect me in my life time but future generations if it happens will for sure.

and if it means building walls then we will have to divert money from the military to build them I suspect as they would be the massive flood projects like were done in the early part of 1900's  IE the missisippi river deltas... New Oreleans... you can see that kind of water deversion all over CA  etc.

Jack B. · Answer

So asking for people with some credentials and facts to post instead of the usual Joe that usually states, 'Well I think that just because it hasn't happened in a long time doesn't mean it will again' is considered denigrating people in your mind?

Asking for people with education and credentials in this area, or those who have researched the works of others with education and credentials in this area to post their findings on the subject to refute career scientists that all agree this is going to be bad is wrong, but people, like posting mere opinion based on nothing is OK?

Got it. Thanks for posting.  Please excuse my desire for facts rather than conjecture such as that which you posted. You've convinced me...

Anyone selling real estate in the cascadian subduction zone affected area?

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