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Posted
4 hours ago, jas007 said:

You're probably right about that, if the actual value of the land remains high.  Location, location, location, as they say.  But all that means is that it's desirable real estate.  People want to live there and they'll pay a premium.  But will they be allowed to rebuild without years of red tape? California, with all is regulation, is probably one of the most difficult places on earth to get anything done. Imagine buying into a construction zone.  The entire place was burned to the ground.  How many years before it returns to "normal"? 

I suspect not many will want to remain in California. Florida may be the next destination, just in time for the next superstorm.

Posted
39 minutes ago, jerrymahoney said:

While sections of LA County have been completely destroyed by fire, there are major sections relatively if not totally unscathed.

If insurance is not available, will they be willing to risk it?

Posted
6 hours ago, jas007 said:

You're probably right about that, if the actual value of the land remains high.  Location, location, location, as they say.  But all that means is that it's desirable real estate.  People want to live there and they'll pay a premium.  But will they be allowed to rebuild without years of red tape? California, with all is regulation, is probably one of the most difficult places on earth to get anything done. Imagine buying into a construction zone.  The entire place was burned to the ground.  How many years before it returns to "normal"? 

When it comes to red tape, Hawaii is no different.  Rebuilding in Lahaina is being hindered by political manipulations of all sorts.  Many frustrated victims have given up, taken their insurance money and moved away.  To make matters worse, Native Hawaiian activists are making ridiculous demands.  Then you have the environmental activists.  The mayor of Maui County is a joke.  Then you have the governor try to undo years of an acceptable practice by insurance companies' ability to file subrogation claims.  Disgusting!

Posted

‘Hot embers were raining down’: US swimmer Gary Hall Jr. says he lost 10 Olympic medals in Palisades wildfire

 

“By the time I was going back in from that run, hot embers were raining down from the sky. I knew at that point that I just didn’t have much time. I could see the embers hitting the roofs of the houses around me and made that decision: it’s time to go.

 

“The medals were in a closet in my bedroom, 70 feet away, and I didn’t have time to go get them. From the time that I saw the first plume of smoke at the top of the hill … I had about three minutes between then and when it came charging towards me.

 

“It wasn’t easy to leave that behind. I worked a lifetime to achieve that and the memories remain but the souvenir is gone.”

 

https://www.msn.com/en-us/sports/other/us-swimmer-gary-hall-jr-says-he-lost-everything-in-palisades-wildfire-including-10-olympic-medals/ar-BB1raIhw?cvid=990837D9DF9A44C988921CCA4C3786C3&ocid=ems.msn.dl.valleyoffirenightnevada

 

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