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How Long Will It Take to Rebuild in the Fire Areas?

in WildWealth Discussion Board

Have you ever dealt with the LA County Building Safety group? I have.

Getting permits and building plans approved is no joke.

Remember the 2018 Woolsey fire in Malibu?

Only 25% of those homes have been rebuilt.

This will take a decade to bounce back from. By the way, mortgage lenders still expect a payment every month.

18 comments

18 Comments

August West

24m

Those coastal Malibu homes will never get rebuilt.

You’ll see empty lots for years. It’s simply too expensive…even for the wealthy. I have family that run construction companies in SoCal, the horror stories with permits is laughable.

There’s an affluent area in North Dallas, Rangers and Stars players live there. Cuban. Don Henley, Jordan Speith…that lot.

That area got mowed over by a very rare tornado a few years back. Some large homes, north of 10k sqft were gone. Some of those lots still sit empty.

Tyler Seguin, Dallas Stars player, had a nice place he was selling, destroyed in the middle of that. Crazy.

BobLinMN-2

13h

How long has Bill Mahr been waiting to install a solar panel on top of shed. You know, save the Earth with solar panels,, but just try to install them.

Java

15h

On ig I suggested that since the area is 80% liberal. And they have promised to solve the homeless problem.

annnnnnnd now that we suddenly have lots of empty and usable. Space. ???

Let build the world largest homeless facility in PP. We can move the 50,000 from downtown. Instantly solve two problems. What to do with the space and what to do with homeless people.

I volunteered to put up the first $10k

And they banned me. WTF?

Onikoroshi

16h

the Coastal Commission will no doubt be the limiting factor for Pacific Palisades properties

and the City and County for other locations

since Newsom has basically put in place a moratorium on single family properties, it could be interesting

especially since LA was not one of the cities challenging SB9

Onikoroshi

11h

Replying to

Adam is always on point

now that limousine liberals have to deal directly with the libtard monolith they installed,

we can only hope that they will wake from their commie coma and start to think and vote straight again

regardless, the show should be fun to watch, although the current tragedy is my current preoccupation for friends dealing with it

Onikoroshi

11h

Replying to

well the Sierra Club was actively preventing clearing of brush around homes and for creating proper fire breaks for the last decade or so to protect certain Wood Rats and other 'endangered' species

so, there should be plenty for conspirators to think about moving forward

August West

23m

Replying to

Pine Beetles have rights, bro!

TEE

16h

I worked previously with Blid / Safety , County Environmental Health, Site Remediation, etc

This is how it will generally work. First , the site owner will have to remediate the site , cleanup. Removal of soil. Will be done via permits with either local government or your State EPA. That requires site remediation plan. Most likely with Geologist. $$$$

Then you will need to prepare the site for construction. Grading. Soil compaction. Etc. more Engineering or Geologist. $$$$

Then you hire an Architect to design new house. $$$$

Then hire contractors to build house $$$

There will be around 25% of owners who didn’t have enough insurance or money to go through this process. Or don’t want to. And will sell lot. As - Is.

The remaining will need new loans to go through the process unless they are wealthy.

Then their will be construction impact/ noise. Etc. over the next ten years to rebuild the thousands of structures lost.

And some lots will just remain vacant . And the County or City will enforce cleanup/ abatement.

Edited

BigBallss

16h

Replying to

Good post Tee, this is going to be a long term problem

Masked Man

Replying to

Those people fortunate enough to have insurance on their house are lucky. Home insurance only covers the building improvements....NOT the underlying dirt lot. Hundreds of parcels of land....(formerly houses) will hit the market for sale.....so that the sellers can avoid defaulting on the loan(s) and risking foreclosure. Lot prices will fall. Many/most of these sites will be considered environmentally polluted (on-site burned plastics, hydrocarbons, etc). Clean-up costs will be required. Delays in any new permitting. Cities will have to "ramp up" and staff departments that can expedite this process. Neighborhoods will be developed piece-meal.....burnt lots then a new house...then a burnt lot, etc.

BigBallss

Replying to

Most people are going to have insurance because if they don’t the lenders will force place a policy . Insurance policies have at minimum a “ replacement value “ clause that will pay to rebuild. To your point , I did see on the news people who said they had no insurance, so I’m assuming their house is paid off. With insurance being so expensive it is totally conceivable that people with paid off house went “self insured “ to save money. Many in those areas are house rich but cash poor. Opportunists are already making offers on burned lots . It’s a mess that won’t be fixed for many years. I can’t even guess how the environmental issue will be addressed. I heard this morning there are already 16000 FEMA applications for aid and the fired are still raging.