What? |
There are not millions of them. During this fire, there are probably dozens. They will sell the land because land in the palisades is worth a fortune |
Well no, at the moment 300k have evacuated from PP including friends of mine who don't yet know if their house is still standing or not. They are in their 80's so there's no way they could afford to buy outright again. I am hoping they have insurance. |
We have family in California who have a sprinkler system on their roof in addition to sprinklers on their property. They are fed by a cistern and solar powered with battery backup. The system cost a fortune, but is popular where they live. |
Let's see when the dust settles. This isn't just Palisades, that's the point. |
| I read part of the water shortage problem was homeowners leaving sprinklers on and this depleted resources from the fire department. |
Irony is that having a mortgage on one of these properties will be a blessing in disguise. They are forced to carry fire coverage. Whereas the merely rich who own their homes outright are likely self-insuring and may not have enough to rebuild on their own if the $5M house was their primary asset. |
Tragedy of the commons. This will be a good example for Econ 101 classes. |
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I grew up in a canyon very close by. My childhood home, where my mother has lived for 50 years and just moved out of a few years ago (we are renting it), has been in the evacuation zone multiple times. I really wanted to sell the property in 2021 because of the fire risk but my sibling would not agree. Fire insurance alone is 10k/year. Its nuts.
The palisades fire is a monster. It is moving unbelievably fast. so many icons of growing up there--the old malibu and topanga canyon places (the reef inn, the feed store) have gone up in flames. My stepsister is in santa monica ,on the edge of the evacuation zone. My stepmother's home (she has several) is smack in the middle of the palisades too. no idea what is happening there. I just heard about a friend of a friend's daughter who lost both her childhood homes--divorced parents, each lost their home. I know that I will hear about more losses. The high school is gone. Its been around forever, and was a major school for so many areas (including where I grew up)--poof. Where will the kids go? Such disruptions have huge ripple effects, for years, on kids. Rebuilding will happen, but slowly, painfully, not entirely. And lots of people will move-- north, and east and elsewhere, because as much as california is a dream, it is also a nightmare. I love the state with all my heart and its heartbreaking. |
Wow. How are you that ridiculous? |
| this is devastating. We lived through the Marshall fire in CO 3 years ago which was horrific and only a fraction of the scale of this. My heart aches for everyone impacted. |
My friend’s father died in the Australian fire doing this. Property isn’t worth your life. |
DP. It actually can make it worse because it diverts resources and puts people in harms way. The hypothetical miles-long hose to the ocean + pumps and manpower is a distraction and impediment to actual firefighting. Especially if not centrally organized, because you will get a bunch of rich people buying up hose and clogging the roads with private (probably untrained) crews trying to experiment in real time to save their personal house that's a mile inland and uphill. If you want to organize an experiment like this when disaster is not actively happening, that's great and I wish you luck. Though I'm pretty sure you are not the first person to notice the ocean. BTW, the people with buckets aren't accomplishing anything in this situation. In smaller fires, perhaps. If you want solutions, they are mostly in prevention: buried power lines, better road planning (and reduced SFH housing overall), more fire breaks, fire resistant buildings, more controlled burns, and doing what we still can to halt or reverse climate change. Notice these are all "central planning" type actions that both sides of the political aisle oppose. |
I know a billionaire who has a second home there who was posting on IG and was on the news to discuss. Will be interesting to see if she and all the movie stars help others less fortunate. |
As a Californian who just left FL (business trip), unfortunately my take is her generosity of spirit is unusual. Some Floridians are absolutely gleeful. |