The quake lasted 42 seconds, causing severe damage. Ruptured gas lines (and the scarcity of water due to ruptures in those lines) caused city-wide fires that eventually were responsible for up to 90% of the total destruction. Additionally, since the insurance companies didn’t refund the actual quake damage, many people set fire to their own homes.It is hard to call that a rational response to the insurance situation, but it is also hard to describe it as irrational. And, as the current mortgage market shake-ups may remind us, the institutional side of property ownership and rapidly change the face of cities.
08 August 2007
San Francisco after the fire
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