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| 2004/4/13 [Reference/RealEstate] UID:13168 Activity:high |
4/13 What's your favorite cliche about real estate?
\_ Location, location, location!
\_ Price, condition, location: choose two.
\_ This is more true in non-Bay Area places where housing is more
available. I live in the burbs and the real estate agents are
going door to door looking for sellers. I'm in a terrible
location yet prices keep going up due to zero supply.
\_ when the market is going up and up, of course there
will be zero supply. supply will become plentiful
when the market is going down and down. it's a
speculator market now.
\_ "The Bay Area housing market will never collapse."
\_ It hasn't yet.
\_ Although it does make some noticeable readjustments every
once in a while.
\_ It has gone down once in my lifetime. And after that
it recovered. Oops, that's not a cliche! I've been trolled!
\_ Learn how to indent your posts properly.
\_ I can't afford a home here.
\_ You can afford a lot more than you think. Talked to a mortgage
broker yet?
\_ Well, a comparable rent is probable closer to $1200, but
still... With taxes, interest and insurance, the cost
of a $100k is about $750/mo.
\_ Why would I want to buy a condo at $350k when I can rent
something comparable for $900/month?
\_ A 350k condo would probably have a comparable rental for
$1200, but your point remains valid. 100k of purchease
price carries about $750/mo in mortgage, taxes and
insurance, so the condo would cost you $2626/mo.
\_ Keep in mind all that interest is tax-deductible
\_ here in chicago burbs, I just bought a condo at a good,
easily rentable location for $150k. current tenant
is paying $985/month. I am quite worried price of condo
may fall but then mortgage and extras is like $200 per
month lower than my current rented apartment after tax
savings, so as long as I am not forced to sell, I guess
it's ok. OTOH, $350k sounds like a risky bet that
property will appreciate especially if you can only
get $900-1200 rent for it.
\_ You squished some people's changes. Please consider motdedit.
\_ Why rent?
\_ Bay Area homes are overprices.
\_ how do you know? People were saying that in 1998, back when
my house was worth half what it is worth now.
\_ http://en.wikipedia.org/wiki/Earthquake
http://en.wikipedia.org/wiki/Loma_Prieta_earthquake
http://en.wikipedia.org/wiki/San_Francisco_earthquake_of_1906
\_ single-family wooden homes are about the safest structure
in an earthquake.
\_ 'safest' is a relative term.
\_ Hmm. I'd like to see a URL on this, if you don't
mind. I'm not structural, but the statement you are
maybe-ing is exactly consistent with what I got in my
seismic exam. Cross-bracing helps, certainly, but
wooden frame houses are pretty good regardless and
much better than most of the alternatives or so we
were told in class.
-- ulysses (P.E.)
\_ Maybe. But only if it has good cross-bracing.
\_ No money down!
\_ Works on contingency? No, money down. --Lionel Hutz |
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| en.wikipedia.org/wiki/Earthquake An earthquake is a trembling or shaking movement of the Earth's surface. Earthquakes typically result from the movement of 23 faults, quasi-planar zones of deformation within its uppermost layers. The word earthquake is also widely used to indicate the source region itself. The solid earth is in slow but constant motion (see 24 plate tectonics) and earthquakes occur where the resulting 25 stress exceeds the capacity of Earth materials to support it. This condition is most often found at (and the resulting frequent occurrence of earthquakes is used to define) the boundaries of the 26 tectonic plates into which the Earth's 27 lithosphere can be divided. Events that occur at plate boundaries are called 28 interplate earthquakes; Earthquakes occur every day on 30 Earth, but the vast majority of them are minor and cause no damage. In a particular earthquake, any of these agents of damage can dominate, and historically each has caused major damage and great loss of life, but for most earthquakes shaking is the dominant and most widespread cause of damage. Most large earthquakes are accompanied by other, smaller ones, known as 36 foreshocks when they occur before the principal or 37 mainshock and 38 aftershocks when they occur following it. The source of an earthquake is distributed over a significant area -- in the case of the very largest earthquakes, in excess of a thousand kilometres -- but it is usually possible to identify a point from which the earthquake waves appear to emanate. That point is called its "focus" and usually proves to be the point at which fault rupture was initiated. In the 41 1930s, a California seismologist named 42 Charles F. Richter devised a simple numerical scale (which he called the 43 magnitude) to describe the relative sizes of earthquakes, which has come to be called the 44 Richter scale. Since Richter, seismologists have developed a number of magnitude scales. Most of the scales in use in the Western world are mutually consistent to a sufficient extent that the term "Richter scale" is routinely used in reporting these numbers to the public. Other scales (and other ways of describing the size of earthquakes) are used in some non-Western countries, and by earthquake specialists. The press sometimes mistakenly reports such values as "Richter magnitude", and this has given rise to public confusion. Earthquake effects are described in terms of 45 Intensity, a scale which attempts to quantify the severity of shaking at a given location. A number of intensity scales are in use, and there is a significant degree of consistency amongst them. The best known is the 46 Mercalli (or Modified Mercalli, MM) scale, but the more consistent and analytical 47 European Macroseismic Scale (EMS) is now increasingly widely used. In Japan the 48 Japan Meterological Agency seismic intensity scale (JMA) is used. A rare few earthquakes have been associated with the build-up of large masses of water behind 54 dams, such as the 55 Kariba Dam in 56 Zambia, 57 Africa, and with the injection or extraction of fluids from the Earth's crust ( 58 Rocky Mountain Arsenal). Such earthquakes occur because the strength of the Earth's crust can be modified by fluid pressure. Finally, earthquakes (in a broad sense) can also result from the detonation of 59 explosives. Thus 60 Western scientists have been able to monitor, using the tools of 61 seismology, 62 nuclear weapons tests performed by governments that were not disclosing information on these tests along normal channels. See also * 63 List of earthquakes * 64 Seismology * 65 Geophysics * 66 New Madrid Fault Zone * 67 San Andreas Fault * 68 Elastic-rebound theory External links * 69 The US National Earthquake Information Center * 70 The European Macroseismic Scale * 71 EQNET: Earthquake Information Network * 72 Geowall- An interesting 3d presentation system for looking at and understanding earthquake data. Earthquake is a 77 1974 78 movie starring 79 Charlton Heston, 80 Ava Gardner and others. All text is available under the terms of the 104 GNU Free Documentation License (see 105 Copyrights for details). Wikipedia is powered by 107 MediaWiki, an open source 108 wiki engine. |
| en.wikipedia.org/wiki/Loma_Prieta_earthquake This was a major earthquake which caused severe damage as far as 70 miles away - most notably in 20 San Francisco, 21 Oakland, and the 22 San Francisco Peninsula. Severe damage occurred closer to the epicenter in the communities of 23 Santa Cruz, 24 Watsonville, and 25 Los Gatos. Most of the major property damage in the more distant areas resulted from 26 liquefaction of soil used over the years to fill in the waterfront and then built upon. There were at least 63 deaths and 3,757 injuries as a result of this earthquake. The highest concentration of fatalities occurred in the collapse of the Cypress structure on the Nimitz Highway ( 28 Interstate 880), where a double-decker portion of the freeway collapsed, crushing the cars on the lower deck. One 50-foot section of the 29 Bay Bridge also collapsed, causing one car to fall to the deck below and the only casualty on the bridge. The bridge was closed for repairs for a month and one day, reopening on 30 November 18. While the bridge was closed, ridership on 31 BART soared. Because this quake occurred during the evening 32 rush hour, there were a large number of cars on the freeways at the time. Extensive damage also occurred in San Francisco's Marina District, where many expensive homes built on filled ground collapsed. Fires raged in some sections of the city as water mains broke. Power was cut to most of San Francisco and was not fully restored for several days. Deaths in Santa Cruz occurred when brick storefronts in the historic downtown (what was then called the Pacific Garden Mall) tumbled down on people exiting the buildings. It was the largest earthquake to occur on the 33 San Andreas Fault since the great 34 San Francisco earthquake in April 1906. He was discussing the fact that the 38 Oakland Athletics and the 39 San Francisco Giants were playing each other in the 40 World Series at 41 Candlestick Park that day. An earthquake could rip through the Bay Area before they sing the national anthem for Game 3," - which was precisely when the quake occurred. The game was called and the Series was postponed for 10 days. External links * 42 USGS: Loma Prieta * 43 USGS list of additional Loma Prieta sites * 44 Selected USGS photographs from the Loma Prieta earthquake 45 Edit this page | 46 Discuss this page | 47 Page history | 48 What links here | 49 Related changes 50 Main Page | 51 About Wikipedia | 52 Recent changes | Go Search This page was last modified 21:11, 22 Mar 2004. All text is available under the terms of the 53 GNU Free Documentation License (see 54 Copyrights for details). Wikipedia is powered by 56 MediaWiki, an open source 57 wiki engine. |
| en.wikipedia.org/wiki/San_Francisco_earthquake_of_1906 San Francisco earthquake of 1906) The San Francisco earthquake of 1906 is perhaps the most discussed 10 earthquake in history, rivaled only by the 11 1755 earthquake that destroyed 12 Lisbon. After this earthquake in 13 San Francisco, California, subsequent fires destroyed almost the entire city. The official casualty count was 700, as many as 3000 people might have died. An estimated 225,000 people were left homeless, out of a population of about 400,000. Further, it occurred at a time when 16 geology and 17 seismology were just blossoming, and led to the formation of the 18 elastic-rebound theory of earthquake source. The quake, which occurred on the 21 San Andreas Fault, lasted 47 seconds, and was felt from 22 Oregon to 23 Los Angeles, and inland as far as central 24 Nevada. Estimates of the sizes of historical earthquakes, however, are subject to debate. By comparison, it says, the 26 1989 27 Loma Prieta earthquake had a rupture length of about 40 kilometers (25 miles). Fires broke out in many parts of town initially fueled by 29 natural gas mains breaking; Several fires in the downtown area merged to become one giant inferno. One journalist at the time wrote that readers elsewhere should understand that it was not a fire in San Francisco, but rather a fire of San Francisco. The fire ultimately destroyed over 500 city blocks of the downtown core. General 30 Frederick Funston declared 31 martial law, and finally got the fire under control by 32 dynamiting blocks of buildings around the fire to create fire breaks. Geological Survey site * 40 Interactive Earthquake Panoramas on the Extreme Photo Constructions site. All text is available under the terms of the 49 GNU Free Documentation License (see 50 Copyrights for details). Wikipedia is powered by 52 MediaWiki, an open source 53 wiki engine. |