Using AI Legalese Decoder to Navigate Legal Jargon and Understand Earthquake Risks When Buying a House
- December 1, 2023
- Posted by: legaleseblogger
- Category: Related News
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How AI Legalese Decoder Can Help: AI Legalese Decoder can assist in understanding the specific legal jargon and terminology used in insurance policies and real estate contracts related to earthquake coverage and property damage. This can help individuals make informed decisions about what preventive measures and insurances to take against the potential earthquake. Additionally, it can aid in deciphering the legal implications of purchasing a house in Tokyo and how the risk of a future earthquake should be considered. By providing clear and simple explanations of complex legal language, AI Legalese Decoder can empower individuals to make well-informed decisions about their investments in light of the impending earthquake threat.
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****** just grabbed a
Built a house (not Tokyo) and paid attention to the hazard map (above tsunami flood zones and not in landslide risk area) and added earthquake dampers and built it to get ÞÇÉÚ£çþ¡ëþ┤Ü3 rating plus airtightness rating and insulation to make the house more energy efficient. Insurance of course as well.
A lot of tateuri off the shelf houses have no real protection so I would always recommend building as the price difference is about 20% but you get to do your dream house.
If youÔÇÖre spending 100 million on a house, youÔÇÖd better make sure itÔÇÖs up to the highest standard for earthquake prevention: ÞÇÉÚ£çþ¡ëþ┤Ü3, which can withstand earthquakes 1.5 times as strong as those level 6Õ╝À-7 on the Japanese scale. You also get earthquake insurance. With these two things together, thereÔÇÖs not much to worry about.
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Earthquake insurance is not worth it. Make sure to buy or build a place with the highest earthquake resistance, away from water/rivers, built on rock not landfill, and not surrounded by wooden buildings that will burn up. In 2011, it was the tsunami not earthquake that was the main issue, in most cases itÔÇÖs fire thatÔÇÖs the problem. In Kobe and San Francisco, landfill areas were damaged the most
I just bought a house (being built now) and, as it was explained to me, the lowest level house should be safe in a major earthquake, meaning it will not collapse on us. The second level is the same house, but with dampers, which means it should not have structural damage and will maintain its value. The highest level will have the floating structural support where you will barely even feel the earthquake inside.
According to my builder, the highest level is not necessary for a single family home. The second level (dampers) is more of a financial decision than a safety one.
We chose the lowest level after looking at the hazard map and accounting for the fact that the land is 2/3 of the value of the home. By the time a big one comes, the dampers might just be protecting a house that is kind of worthless anyway.
When it comes to safety, it seems better to focus my attention of securing the furniture and large objects inside than worrying too much about the construction techniques of a new house. IÔÇÖm spending the money on built-in furniture instead of dampers.
(IÔÇÖm not using technical terms obviously and IÔÇÖm not presenting this like IÔÇÖm an expert. IÔÇÖm just relaying the info that my builder told me and he has financial incentive to upsell me on it so there is value in that. Please be kind to me.)
Very aware of the 70% chance in 30 years. Been here 30 years. There has been huge Earthquakes here in that time. Kobe and Tohoku being the most devestating. Tokyo will have it’s too. One day.
Doesn’t even cross my mind. I’m prepared for it with supplies etc, but it’s not stopping the vast majority of people buying somewhere to live. If it did, you are living in the wrong place. My families lives are more important.
Buy a 100-200 year old house. It hasnÔÇÖt fallen in the numerous earthquakes so far. Probably alright for a few more.
ÔÇ£Wood buildingÔÇØ isnÔÇÖt a type of construction, itÔÇÖs a borderline meaningless word used for propaganda to get people to buy new houses. Amazon huts are wood buildings and so is the 50 story wooden skyscraper being built in Australia. Wildly different.
Post-war spit and toilet paper shanty houses arenÔÇÖt going to do well in earthquakes, but proper timber frame post and beam houses built with joinery can flex and twist, then go back in place so theyÔÇÖre very earthquake resistant.
Your 100M home has two components- land and building. Usually a significant portion are the land cost.
Your apartment/house probably accounts for 20-40% of your 100M. And to rebuild the cost will be even less.
You can purchase earthquake insurance which covers up to 50% if your home is totally damaged.
Also if you look at even 311 most of the homes were destroyed by the tsunami and not earthquake.
Find an area that is away from sea and not landfilled and on solid rocks will reduce your risk. But there is no total safe area in Japan.
>Most are aware of the 70% within 30 years estimation of upcoming next great tokyo earthquake.
FWIW this has been said for the 20 years I have been here, and will probably still be said 20 years from now.
Mostly I just look for well built houses out of reclaimed land and out of high risk flooding zones
I may be wrong, but last time I checked earthquake insurance here it definitely didnÔÇÖt cover much. If the building actually collapsed I think youÔÇÖre kind of screwed. Unless the building needs only reasonable repairs, youÔÇÖre basically paying for insurance to help you move on with your life rather than build a new house.
Maybe someone can correct me but I just remember being surprised that the earthquake insurance covered so little.
I wouldn’t spend 100 million on a so-so house in Tokyo when I could build something truly epic for half that elsewhere.
I’m not planning on buying a house any time soon, but this is an interesting topic to discuss. I want you to update your decision in the near future on this sub.
We were right on the cusp of signing the papers for a house in Edogawa, but we (especially my wife) weren’t too comfortable with the flooding hazard.
Ensure that the house meets the current building codes for seismic safety. Look for construction techniques and materials used in the house’s structure that can withstand earthquakes, such as reinforced foundations, flexible pipe connections, and effective stabilization systems.
WeÔÇÖre building with Ichijo, pretty much top of the class earthquake resilience in their builds. I know Hebel Haus has high standards as well, but theyÔÇÖre even pricier.