Greater Los Angeles Wildfires

dora_da_destroyer

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What I would like to know is how much it cost to build a typical home in that area. Not the value of the land but the pieces to build a home; pardon my ignorance.
An avg new home, profit margin is abt 10-20%. That area, it’s probably closer to 30-40%. Look at avg price per sq/ft and subtract ~30% and that should be the cost to build, multiply that by avg house size in the palisades.

That said, the cost of building will be a lot higher due to the demand for construction workers/cotnractors all at once plus the cost of building has gone up a lot in the past 4 years (labor and materials). Lastly, people will want to build with more fire resistant materials - steel frame vs wood, concrete/brick siding, metal roof, etc so cost goes up further. Rebuilding won’t be simple for folks who have owned a decade plus unless they really got it like that. Edit: and building in that terrain costs more, you need a lot more engineering when building in the hills
 
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jadillac

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This shyt is still burning through neighborhoods? :dead:

If LA proper burns down that would be wild.
It would be sad. Just think we got history book 50 years from now about the major city of Los Angeles that is basically gone.

Would historically be bigger than the collapse of Rome.
 

jadillac

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I agree breh

The incompetent liberal governor, senators and mayors of California have no responsibility when it comes to preparing for and handling fires

The man who isnt in office is to blame

They obviously need to raise taxes in California...
the state doesnt bring in enough money
If you think any fire department can deal with fires the size of a city,m or residential area, you don't understand the logistics.

They can't even ensure 1 house doesn't brn down, much less hundreds or thousands of homes. And the hurricane force winds prevent additional things they can do to stop it. You're dealing with a topography with all different elevations, so the underground water resovoirs aren't like say a flatland Dallas, and in the midst of a drought. Grounds shifting etc. The topography also makes it hard to get a firetruck into certain areas quickly

As far as my point goes, I think it's valid. You create unrest in a country, ppl will burn shyt down if the opportunity presents itself.
While the initial fires were probably natural, the follow-up fires are likely purposeful

In fact, considering the vast economic differences that exist in LA area(homeless individuals vs individuals with hundreds of millions of dollars) , it's a wonder something like this hasn't happened before. And when ur dealing with immigrants, the morals/ethics can be different when they live in that environment
 

jadillac

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Shared risk. All the other premiums they collect that don’t have claims, the interest they collect on investments they make with some of those premiums, it’s why insurance companies like AIG almost went out of business during the 2008 financial crisis
What do you think happens next?

Do you think billionaire investors from China and companies like Blackrock rebuild the areas with primarily rental properties, and instead of owning your house you now rent and the investors cover the insurance in case something happens?
 

jadillac

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Half of those folks were probably still paying mortgages
Of course. I see this everyday. Alot of ppl in Cali have money, but are paying monthly mortgages like everyone else.

The ppl it really truly sucks for are the ones who moved there decades ago and have no mortgage, have made millions in equity, and only real expense is property tax. They lived in paradise. If they had moved elsewhere, like Texas, they could have made a killing in a sale
 
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