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Updated almost 13 years ago on . Most recent reply

User Stats

30
Posts
4
Votes
Thomas B.
  • Real Estate Investor
  • Portland, OR
4
Votes |
30
Posts

Arn't you afraid of an earthquake in your city?

Thomas B.
  • Real Estate Investor
  • Portland, OR
Posted

I just wonder how many of you worry that you have all your eggs in one basket. I have 8 doors in Portland Oregon right now and am afraid to keep investing in this same city. This city has a river running through the middle of it with like 7 bridges crosing the river. If there was an earthquake all those bridges would fall down, and my properties would suffer greatly as people wouldn't be able to get food etc.

Any thoughts? I know this city like the back of my hand which gives me a great advantage when looking at deals.....but after how many properties is it time to move on? (I personally think some of you are way too invested in one city).

Tom (the non-slum lord)

Most Popular Reply

Account Closed
  • Landlord
  • Seattle, WA
1,839
Votes |
3,412
Posts
Account Closed
  • Landlord
  • Seattle, WA
Replied

Seattle may have another earthquake and Mount Rainier might erupt. My rental properties are spread out some. I have a fairly good size market area that I watch.

While I know it is possible for a devastating disaster to occur. I don't live my life in fear nor do I allow this to change my lifestyle or investing habits. If something happened, I would just deal with it at that time, if I was alive to worry about it.

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