Quoteengineering and survey costs alone as much as $100,000
https://www.environmentalleader.com/2017/12/la-concrete-buildings-seismic-retrofit-compliance/
It needs to be done BUT it is just one more example of GOV making it more difficult for L.A. & its cost of living.
>cost of living
Agreed. I'd expect it to impact low-end properties the most. There will be a crapload of tear-downs or converting some properties to exempt duplexes.
>difficult
If you live on an active earthquake fault line you might expect a little government regulation on construction practices. That's exactly what government is for.
Brad:
I was born & raised in L.A. County.
It was a very nice place to live.
As someone else who was born and raised in California I am glad that we take earthquakes seriously.
Loma Prieta was not fun. (https://en.wikipedia.org/wiki/1989_Loma_Prieta_earthquake)
The eastern seaboard is on a pretty good number of fault lines and we're overdue.
Quote"In past centuries, earthquakes with Magnitude 5.0 have occurred about every 100 years in the New York City area. Modern New York City is ill prepared even for such moderate events. Although New York City is a region with low seismic hazard - meaning there are infrequent damaging earthquakes - it actually has high seismic risk because of its tremendous assets. The extreme concentration of buildings, and the fragility of its structures, most of which haven't been seismically designed, mean that even a relatively minor quake could cause major damage." Add subways and tunnels to the list of problems in New York. The area of the city most susceptible to damage would be the Upper East Side.
http://abcnews.go.com/Politics/us-fault-lines-siesmic-concern/story?id=13140354