California Fires - INFO (not politics)

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nycfan said:
Then why not post the link and question in the politics thread? It is really easy and respects that some posters prefer a thread of relevant links without the persistent political arguments.
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Because I viewed as a political joke rather than a political argument. The reason I viewed it as a joke not an argument was because no one could seriously believe the proposition I put forward was anything but a joke.
 
05C40 said:
Because I viewed as a political joke rather than a political argument. The reason I viewed it as a joke not an argument was because no one could seriously believe the proposition I put forward was anything but a joke.
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My apologies then for being overly sensitive.
 
nycfan said:
Warning: Hits you right in the feels:

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That's something else! Lol. Thank you for sharing! I love how the other dog is like, "What about me?" Ha!

As my father once said, "You know, dogs are just dogs!"

Would love your commentary in the Rom Com Thread, if you're willing and able.
 

Bluesky

bsky.app bsky.app

Their Wealth Is in Their Homes. Their Homes Are Now Ash.​

Many of L.A.’s middle-class homeowners bought properties years ago, before prices exploded. Now, they’re figuring out what to do next, as fires accelerate the city’s crushing housing crunch.​


“Sylvia Sweeney and her husband, Bob Honeychurch, bought their three-bedroom home nestled in the foothills of the San Gabriel Valley for $780,000 in 2009. At the start of this year, it was worth more than double that—$1.6 million, by one estimate.

On Wednesday, raging wildfires swept through their Altadena neighborhood. When the couple went back later that day to see what was left of their home, all that was standing was the mailbox.

Sweeney, a 69-year old retired clergywoman, estimates that her home made up roughly 80% of the family’s overall wealth.

“It was our beautiful dream home,” she said. “It was our primary wealth.”

… “It was our retirement. It was our investment. It was our equity. It was everything,” said John Kastanas, a 63-year old who works in an administrative role at the California Institute of Technology, of his historic home that burned in Altadena.

Now, those middle-class homeowners face a crushing housing crunch. Los Angeles was already experiencing an acute shortage of homes. Its real-estate prices are more than double the national level. In the wake of the fire, thousands of people desperate for temporary housing are flooding a cutthroat rental market, where bidding wars are breaking out for leases. Some are considering leaving for good. …”
 
nycfan said:

Bluesky

bsky.app bsky.app

Their Wealth Is in Their Homes. Their Homes Are Now Ash.​

Many of L.A.’s middle-class homeowners bought properties years ago, before prices exploded. Now, they’re figuring out what to do next, as fires accelerate the city’s crushing housing crunch.​


“Sylvia Sweeney and her husband, Bob Honeychurch, bought their three-bedroom home nestled in the foothills of the San Gabriel Valley for $780,000 in 2009. At the start of this year, it was worth more than double that—$1.6 million, by one estimate.

On Wednesday, raging wildfires swept through their Altadena neighborhood. When the couple went back later that day to see what was left of their home, all that was standing was the mailbox.

Sweeney, a 69-year old retired clergywoman, estimates that her home made up roughly 80% of the family’s overall wealth.

“It was our beautiful dream home,” she said. “It was our primary wealth.”

… “It was our retirement. It was our investment. It was our equity. It was everything,” said John Kastanas, a 63-year old who works in an administrative role at the California Institute of Technology, of his historic home that burned in Altadena.

Now, those middle-class homeowners face a crushing housing crunch. Los Angeles was already experiencing an acute shortage of homes. Its real-estate prices are more than double the national level. In the wake of the fire, thousands of people desperate for temporary housing are flooding a cutthroat rental market, where bidding wars are breaking out for leases. Some are considering leaving for good. …”
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How much of the value is the land? Particularly in LA.
 
dcphx said:
How much of the value is the land? Particularly in LA.
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Almost all the value is the land (although construction costs have gone through the roof -- no pun intended -- and will go even higher when 10,000 structures are being rebuilt). Of course, if the land becomes uninsurable or unbuildable, then it will plumet in value.
 
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