LA wildfires

[boyst]

7 hours ago, That's No Moon said:

Banks are going to make a killing off this, followed by real estate developers.

There is a ban on land sales to developers. 

[muppy]

while I read this insurance news I feel physically ill for the fire victims.

 

Lord have mercy.

 

The stress of this will take more lives. If after losing all my possessions I was told SORRY we're not helping you too bad so sad. Lawsuits indeed. While time drags on SMH BLECH

 

And as hubby went out to get pizza tonight he shares that here in San Diego they are announcing a red flag fire alert here on Monday into Tuesday.

 

SMH

 

I'm tired of this fire #######  Im sad Im mad and Im frustrated with this event.

[That's No Moon]

13 hours ago, boyst said:

There is a ban on land sales to developers. 

We will see how that works out.

[Augie]

3 minutes ago, That's No Moon said:

We will see how that works out.

 

I can’t say I’m crazy about having the government or anyone else telling me what I can or cannot do with my property. 

[That's No Moon]

1 minute ago, Augie said:

 

I can’t say I’m crazy about having the government or anyone else telling me what I can or cannot do with my property. 

What Im thinking of is when banks are sitting on big tracts of land at the end of this whatever policy they made to prevent sales to developers is either going to get end arounded or go away because they aren't going to just sit there with empty land that's worth a fortune. They couldn't sell a lot to a builder to build a home on it? They could sell a commercial piece to a company that want to rebuild a store? Seems unlikely. Once that's possible, or if it's limited to builders of a certain size then all the brand new subsidiary companies come into play.

[US Egg]

38 minutes ago, That's No Moon said:

We will see how that works out.

FEMA disaster declaration areas don’t fare well anytime soon, if ever. Most of the wealthy there won’t wait around. 

[Augie]

I know this is too soon, and I don’t want to sound insensitive, but I’m sure there are many similarities to recovery from a major hurricane strike. Clean up, then rebuild. After Hugo destroyed Charleston it was surreal, with yachts in the middle of the roads downtown and all kinds of other bizarre sights. All the crappy old properties and billboards were destroyed, and eventually replaced by something brand new. Insurance adjusters and construction workers rushed to the area and started to replace what was lost. 

 

As tragic as it was, it provided tremendous economic stimulation. We were busier than ever at the bank because everybody had needs. Charleston was a much nicer place a couple years following Hugo than it was before. I know that is no consolation to people who have lost everything, but I’m trying to find a silver lining. That’s about all I got…. 

[That's No Moon]

48 minutes ago, US Egg said:

FEMA disaster declaration areas don’t fare well anytime soon, if ever. Most of the wealthy there won’t wait around. 

Hence the tracts of empty land in a very desirable place.

[US Egg]

52 minutes ago, That's No Moon said:

Hence the tracts of empty land in a very desirable place.

The cleanups, soil toxicity concerns, potential for landslides, etc., development there will be more talk than action for years.

[Jon in Pasadena]

On 1/15/2025 at 11:34 AM, Jon in Pasadena said:

*****, make that seven, a HS football teammate of my son lost his home and everything in the fire.

Nine. Two members of my dojo.

[ExiledInIllinois]

13 hours ago, Augie said:

I know this is too soon, and I don’t want to sound insensitive, but I’m sure there are many similarities to recovery from a major hurricane strike. Clean up, then rebuild. After Hugo destroyed Charleston it was surreal, with yachts in the middle of the roads downtown and all kinds of other bizarre sights. All the crappy old properties and billboards were destroyed, and eventually replaced by something brand new. Insurance adjusters and construction workers rushed to the area and started to replace what was lost. 

 

As tragic as it was, it provided tremendous economic stimulation. We were busier than ever at the bank because everybody had needs. Charleston was a much nicer place a couple years following Hugo than it was before. I know that is no consolation to people who have lost everything, but I’m trying to find a silver lining. That’s about all I got…. 

And the less dangerous areas to live wither on the vine... AND they pay into the areas that don't mitigate the risks responsibly. 

 

I don't wish anyone harm... But it's just stuff. Without hurting anyone, it would be nice getting new infrastructure...  We sure need it here!