I sat and read over a LA real estate story.....some real estate folks are talking to Governor Newsom. What they desire? As rebuilding comes up....they want chunks of the neighborhoods which are designated as single-family homes....changed over to multi-family 'homes' (meaning apartments/condos). Newsom.....says little about this idea so far.
Some belief that new Californians (migrants)....that would be moving in? Maybe.
But I sat pondering this.....two issues.
First, building permits are a mess even before the fire, and it'll triple-up after the fire.
Second, insurance companies aren't likely to cover these regions ever again....so even if you get permits to build....what bank would sign on if the insurance situation isn't stable?
Maybe there are idiot real estate people in this game....thinking things will come out positive.
But once you sit and start talking about the Costal Commission, the building-permit folks, the banks to arrange mortgages, and the insurance lacking? It's a joke.
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