In most areas, if it's over a 50% rebuild, dollar wise, you must meet current codes, which may be impossible, or make no financial sense.

Japan also has less funds to invest in our debt and they need to use those funds to rebuild.

Tradesmen here are hard to come by currently as many are rebuilding many of the houses that were destroyed in the two floods last year. 

What product is in demand in your market, condo's, apartments, duplexes, tear down and rebuild?  

In an A community the land value is high enough that if the subject property were to burn down, it would make sense to rebuild a bigger and better property.In a B community the land value should be substantial enough to rebuild the same property, in square footage and included features.In a C community the land does not support rebuilding, and the lot will remain vacant for years to come.

Mostly the streets and areas that have changed so far have been tear down and rebuild as opposed to rehabilitating the older houses.  

Time to start rebuilding now that the demo is about 90% completed for Phase 1.The bathroom was the first to tackle.

For the best info, talk to your CPA.If you are considering the rebuild route - drive around the east side.

Are you talking the new builds in PV where they are knocking houses down and rebuilding?

I mean I could rebuild the porch entirely, but that will eat my profits away.