A hot topic-owning property in the mountains.

[Gayle Eisner]

Hi all:

I own a duplex in the Santa Cruz mountains, Los Gatos. Prices here are crazy high. I love the area/schools/great rental income BUT it is in a 100% fire zone-meaning high risk. Many of my neighbors have had their insurance cancelled & I expect at a minimum mine will be doubling. Last year I had to evacuate. There is a small  fire department close by but I don’t know if that really matters…With prices so high right now, should I jump ship & sell?  1031? Hang on? Or just sell & hold? Anyone else have experience with this problem?