Would you buy property and/or live in an area that had had a serious natural disaster (e.g. earthquake or flood) in (say) the last 25 years? If not, how many years of "disaster-free" history do you require or recommend?
by 
palmagma
ANSWERS: 5
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No, I wouldn't buy in area that has had a diaster in the last 25 years. I don't really know how long it take for me to consider a plcae safe. I usually avoid areas prone to exreme conditions.
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no, I would not.
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I would NOT purchase ANY property in an area that was prone to Natural Disasters and I'd do my RESEARCH before buying property ... IF prone to flooding; you will need Flood Insurance that is NOT covered by regular Homeowners ... Also; if subject to many storms , like tornandos etc .. you will have a higher premium on the Homeowners due to the higher Risk factor .... I usually go back about 30 - 50 years of disaster history before purchasing a property ... I've been here for Nine years now .. and NO problems ... except for a couple of Hurricanes ; BUT I am high and dry .. +5
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It depends on the nature of the disaster. Half of the top-ranked USA natural disasters have been hurricanes, but a certain prone area can go 50 to 250 years without one and be hit the next year, so how long a certain semi-tropical coastal area has been spared is completely irrelevant. Just look at how many stupid people moved to Florida, and over how many decades, before hurricanes sowed the seeds of its economic disaster. Earthquakes, too, can be deceivingly silent for decades. Flood prone areas are rated on a basis if 50 year and 100 year floodplains but that does not limit such floods to once every 50 or 100 years. Tornados strike with fury but they come and go quickly, usually affecting scattered and sparsely populated areas.
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There is almost no place in the US that is safe from "natural disaster", beit hurricane, tornadoes, earthquakes, mudslides, landslides, forest fires, sink holes, flooding, blizzards, ice storms, etc. Anyone who believes they have found one, apparently does not understand what a "natural disaster" is. Oh, and BTW, if it's happened in the last 25 years or so, depending on the disaster, it may not happen for another 100. That's the nature of "natural disasters". You don't know WHEN they will occur. Would I? I live in Central Indiana - prone to tornadoes. Many have hit to our North. Many have hit to our South. I also live in a "flood plain", although few to none of the houses in this area have been flooded for YEARS. Also, we are near enough to the New Madrid Fault, that if a major earthquake happened there, there would be BILLIONS of dollars of damage. Despite all that, for some reason, I feel pretty safe. ;-)
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