Greater Los Angeles Wildfires

dora_da_destroyer

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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?
The palisades is already for rich folk, some are flush enough to rebuild quickly, some foreigners will get in but not at a commercial scale, some lobby groups might get a few more multifamily “affordable” projects built, and then the rest of the area will move slowly like other luxury real estate. You gotta find buyers who can pay for the land and cost of building at today’s prices, and who are willing to wait the likely 2-5 years a house will take to complete


In the more middle class Altadena, you’ll definitely have investors scooping up the land, massive investor owned housing projects and SFH, new commercial developments, etc. I think a lot of those long time residents are going to be gone, they can’t afford to build in today’s climate
 
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FaTaL

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The palisades is already for rich folk, some are flush enough to rebuild quickly, some foreigners will get in but not at a commercial scale, some lobby groups might get a few more multifamily “affordable” projects built, and then the rest of the area will move slowly like other luxury real estate. You gotta find buyers who can pay for the land and cost of building at today’s prices, and who are willing to wait the likely 2-5 years a house will take to complete


In the more middle class Altadena, you’ll definitely have investors scooping up the land, massive investor owned housing projects and SFH, new commercial developments, etc. I think a lot of those long time residents are going to be gone, they can’t afford to build in today’s climate
how much is insurance going to actually cover them?
 

dora_da_destroyer

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how much is insurance going to actually cover them?
Don’t know, depends on their coverage, but it’s rarely market rate. Some of those people been in their homes or had homes on their family for 30+ years, even if they had a mortgage balance or HELOC, it’s likely way less than the cost of building. I’d also wonder if their home gets reassessed, which would jack up the taxes on it (prop 13 ties taxes to the price paid, they don’t increase with the value of the home) and could make the home unaffordable to long time owners
 
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JT-Money

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didnt this same guy block harris's endorsement?

yea him i bet
Should be pretty easy to corroborate his statements about the reservoir being offline etc. But if what he's saying is true Newsom is done.
 

FaTaL

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Should be pretty easy to corroborate his statements about the reservoir being offline etc. But if what he's saying is true Newsom is done.
hes not done, he cant run anyways he maxed out his terms
 
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didnt this same guy block harris's endorsement?

yea him i bet
Yeah, he's a piece of shyt.


Billionaire media owners are getting bolder in their attempts to suppress opinions they dislike. The latest example comes from LA Times owner Patrick Soon-Shiong, who reportedly plans to personally review all opinion headlines to ensure they don’t offend Elon Musk or others that Soon-Shiong is trying to impress.

Considering the billionaire class keeps pretending that they’re concerned about free speech, then doing shyt like this suggests it’s really speech criticizing themselves and the levels of corruption and obscene wealth that they actually dislike.

In October, we covered the decisions by the billionaire owners of the LA Times and the Washington Post to block both papers from running editorials endorsing Kamala Harris. WaPo owner Jeff Bezos tried to defend this decision by claiming that it was in response to Americans losing trust in the media. However, as we pointed out, it seemed a lot more likely that billionaires aggressively trying to control our lives through the media is a better explanation for that loss of trust.

We had noted that LA Times owner, Patrick Soon-Shiong, had tried to get a cabinet position in the first Trump administration, which might have explained his reasoning. And now it appears he’s taken things to a new level. According to Oliver Darcy (who is very plugged in to the media world), Soon-Shiong got so upset about an opinion piece that criticized Elon Musk that he has declared that all headlines for opinion pieces must be run through him personally before the pieces can be run. This has alarmed the newsroom.
 

jilla82

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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
fam LA and CA have been democratic strong holds for the longest...
any and all of its problems are because of the leadership and people
 
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