It seems if there is a big earthquake, we are all in trouble.
I have been asking around, and many people I know do not have earthquake insurance. Suppose a big earthquake hits LA. Will poorer neighborhoods become more or less uninhabitable, because people do not have any spare money to carry out repairs? Or will wealthier neighborhoods be hit harder, because the costs of rebuilding a $15 million house are prohibitive? Will only neighborhoods with houses in the $800K-$1.2 million range survive, due to some ideal balance of spare income vs. cost of repair?
Or, will certain areas of the city fall over due to poor construction, while others survive relatively intact?
What about skyscrapers?
Will the government actually have money for disaster relief?
