I was recently looking into buying a condo in downtown Seattle, when I started my research into possible risks.
That's when I learned about the Cascadia Subduction Zone.
There is a 33% chance that it will cause a 9.0+ earthquake sonetime within the next 45 years. Based on historical patterns, we are already way overdue for one
I then learned that even if the modern buildings are built to withstand earthquakes, they aren't going to be habitable.
When someone says a building is built to withstand earthquakes, when it comes to 9.0 scale earthquakes, they are only built to allow you to crawl out of there.
So that $800k property will be worth a total of $0. I *think* most insurance companies consider a 9.0 "an act of god" and don't cover it.
An earthquake will also decimate the entire economy of the Pacific Northwest by destroying roads and bridges.
Large portions of the coastline and northern Puget Sound will be destroyed by a 50ft high Tsunami.
Is this why Amazon decided to create a backup plan with HQ2?
Are you worried about this? Did you buy a property anyway?
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Seems like there will be bigger problems when it happens so not sure if you can really plan for it.
https://earthquake.usgs.gov/scenarios/eventpage/gllegacycasc9p0expanded_se/executive
Not to sound condescending, but dont you guys at least Google "common natural disasters for [insert area]" before you decide to move there?
I mean, if I moved to Florida I'd research hurricane trends, and if I moved to Japan I'd research Tsunamis.
Just curious