This is silly, and overcomplicating the issue. The world is very insurable, at a price. The property and casualty business is competitive as hell in almost all parts.
The government needs to just stay out of it.
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The government needs to just stay out of it.
But only when you can't get mortgages, people will begin to stop, and even then some will continue.
It'll take a long time for these changes to trickle out. Especially, when real estate prices in LA are so high.
It might be faster to fix this with zoning. Or if the area is so desirable, find a way to engineer your way out of it.
Yes, but lots of people won't be consider all factors when buying a house.
Prices are high, houses aren't on the market long, when you do find a house that matches your criteria, are you going to consider if it's safe from floods, fires, earth quakes, etc?
You're already factoring in schools, distance to work, shopping options, etc.
Not to mention the fact that you're mostly worried about whether the house has mold, termites, pest, or construction deflects, how long time to the roofing need to be replaced.
Asking normal people to factor in natural disaster probabilities is difficult.
Maybe, it's better to not allow construction is such places through zoning.
I bet most home buyers spend more time looking for pests, mold, leaky pipes, etc, than they do investigating wild fire risks.
Basically you are saying "i want a nanny state".