apparently in an attempt to prevent investment money from pouring out of the city the govt just... pretended there hadn't been an earthquake
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like they literally just acted like there was no earthquake. they claimed the destruction was caused by fires
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and as a result they didn't update the building code to mandate any kind of earthquake protection. they updated the fire code
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jfc I thought "this is a place that gets earthquakes, buildings are probably mostly all up to code". I am an idiot
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I hate this city
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one of my favorite sowell anecdotes is about that. Earthquake was literally less bad for housing supply than rent control is.
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I've been saying for years that an earthquake that levelled SF would be welfare enhancing even accounting for the loss of life
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They've tried! In 1906, for example.
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