The appraisal was “subject to” installation of water heater earthquake straps.

It’s guaranteed money, but whether it’s Ukraine or Haiti there will be hiccups down the road.

The Insurance Institute has some good information here: https://www.iii.org/fact-stati...RE your California home, that's likely because an earthquake rider is attached to your insurance policy.

But when the water heater breaks, or fridge dies, or earthquake comes and you have a $10,000 deductible, you are going to be underwater.  

The owner currently doesn't have earthquake insurance. 

The owner currently doesn't have earthquake insurance.

There’s much to be said for buying in markets with no tornadoes, hurricanes, snowstorms, derechos, flooding, freezing, major earthquakes or fires.

You don’t want 100 year old homes, you want 20 year old homes, or newer.You don’t want property taxes approaching $4,000/yr for a $400k house, you want $2,000/yrYou don’t want a home that is subject to hurricanes, flooding, tornadoes, earthquakes or snow stormsYou don’t want states/areas where insurance is routinely over $2,000/yr when it can be found in other states for $600You don’t want to be in a state that takes 8% of your income in state tax when other states take 0%You don’t want houses with siding or roofs with shingles or yards that need maintenance when stucco/tile/rocks exist You don’t want states that make you pay to remove a tenant, or deny you the right, when other states make it “easy”You don’t want a city/state that tells you how much rent you can charge or how much you can raise it while not limiting expenses.Those are the givens… personally I add you don’t want your tenants sharing a wall where you have tenant on tenant complaints.

We are long overdue for the depression, the tsunami and the mega earthquake too.

Concrete mix can be made to be fireproof, and earthquake resistant.