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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]These homes start at $2.5M and go up rapidly from there. I bet most of these folks were self-insured.

This represents a huge, extremely wealthy chunk of the Los Angeles county tax base. Lots of families with young kids. It's as if a wild fire completely destroyed CCMD and adjacent neighborhoods in upper NW DC.

This disaster will upend Los Angeles's budget - lots of costs to clean up but also lots of these people will move away. It will only be partially rebuilt, likely with multi-family housing. The entire area will be rebuilt much differently.[/quote]

No. They will remain single family homes. People rebuild.  There’s no way pacific palisades, Malibu or anywhere near the Ocean front will be anything less than multimillion dollar property. This will not affect anything. These people love their lifestyle and paradise there.  [/quote]

If anything, the mildly rich will be replaced by the very rich. [/quote]

To them it’s a buying opportunity [/quote]

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