One example Josh pointed to: his association refused to buy earthquake insurance in Cali.

Its brick now I dont know where it is but if its in a earthquake area like where you and I live its an issue. if we get a rumble the building may be ruble.

We are in earth quake country, earth movements, foundation and termites, piping stress risers. 

For me though 08 to 2011 was an event I never saw in the previous 30 years in the business there was some regional blood letting.. many don't realize but the SF bay area right after the earthquake and war some high end homes dropped 50% even in the pristine areas.. so its happened.. but on a national scale 08 hopefully was a once in a lifetime event. 

SF will be leveled by 100 year earthquake.  

We don’t have any earthquake code here either so all different in different areas and people use the same words for different things.

No state income tax, grass to tend, no ice/snow, humidity/excessive rain, storms with names, floods, earthquakes but with reasonable to great property tax rates and less LL-tenant regulation. 

If there is earth quake and property falls into ocean or anything else that brings value to $0, you can at most lose 30% of property value 3) most investors do not irresponsibly spend the all the extracted value.  

Then the structural engineering, any requirements such as solar, fire sprinklers, that is required  per code, and possibly  earthquake standards, (depending on location), and all the sudden that circular tiny home is a million dollar project.  

What is the chance of there being an earthquake in Maryland?