patrick.net

Also, with the wild card of DEW eminent domain condemnation, don't expect ANY insurance in the future. We will be on our own against the space weapons.

Didn’t Biden just guarantee 100% backup from fed.gov?

they’ll try to bailout reinsurance. there isn’t 100 billion in cash waiting around. which translates to more taxes, higher insurance, and inflation.

Glock-n-Load says

Didn’t Biden just guarantee 100% backup from fed.gov?

He said he'd bail out the local fire and emergency services budgets involved, I thought.

DOGEWontAmountToShit says

Glock-n-Load says

Didn’t Biden just guarantee 100% backup from fed.gov?

He said he'd bail out the local fire and emergency services budgets involved, I thought.

Correct. Nothing to do with rebuilding houses. A lot of people are fucked right now. Double commenting in a different thread, but I think it's 5 years best case. The people that burned are just going to move. Wouldn't be shocked to see the state buy up a lot of the land.

Why would you live in an area where you'll be homeless at MINIMUM 1 year and still pay taxes and you have the income for a $10M house? Move to Scottsdale, AZ in another $10M house and just fly to LA when you need to be there, if you even need to be there. My uncle is neighbors with Hollywood types. Small airport on the north end of Scottsdale and you're in socal in under an hour.

Hotter in summer and colder in the winter, but it's not bad. Amazing golfing. Sedona and Flagstaff are a short drive. Move your geezer parents to a Del Webb community for $400k-500k. https://www.scottsdalerealestateadvisors.com/listing-detail/1156019853/42493_N_108th_Street-Scottsdale-AZ?_gl=11ona7m9_upMQ.._gsMQ..&gclid=Cj0KCQiAkJO8BhCGARIsAMkswyjpyGHINgNnAbozUVF435ZmEhw_gQr9Wty-UwHviGjnd7yGG1D00DMaAj7dEALw_wcB&gbraid=0AAAAApwVQChZcyNP8OFdSBdsBqNq3Iw5Q

If one rebuilds after a fire with insurance money their property tax base will still reset, right?

RWSGFY says

If one rebuilds after a fire with insurance money their property tax base will still reset, right?

I have no clue. CA guys might know. I think the "improvements" in most places will get taxed more. I think it varies by state. CA is a high income tax state, prop 13 and if there is a bump I don't think it would be much. My guess is higher, but nothing major for people living in $10M houses.

when I lived in Glendale AZ in the Early 90's, the gossip was that Ariizona will be the next California.
The Cali's. are moving to Arizona...
So How did that work out 30 years later?

WookieMan says

RWSGFY says

If one rebuilds after a fire with insurance money their property tax base will still reset, right?

I have no clue. CA guys might know. I think the "improvements" in most places will get taxed more. I think it varies by state. CA is a high income tax state, prop 13 and if there is a bump I don't think it would be much. My guess is higher, but nothing major for people living in $10M houses.

As long as they house doesn't change much nothing changes. If you add a bathroom, sq footage ect they fuck you.

I know places who left few wood, bricks from old on a brand new house to claim Prop 13!
Rebuilding is so difficult for so many reasons for the most.
In case of regular builders, they build the whole area which is financially optimal for both builder and consumers.
Most individuals don’t have time and money to deal with individual contractors. Only rich folks can do it. Rest move and buy elsewhere in reality.
Btw, is that fire coming almost every year from now on ;)
CA is really having problems with arsonists. Hopefully some good leaders come along and change the situation.

It seems at least two items will be necessary for a build back:
1. A guest worker program so we are not inundated with illegals for construction manpower.
2. A building code for homes in fire prone areas, such as poured concrete structure, metal roof, community fire breaks, etc.

when poor people start losing, they are on their own. when wealthy start losing, government rescues them. PP is an ultra wealthy area, they’ll get a bailout. rest of us will get the bill.

HeadSet says

It seems at least two items will be necessary for a build back:
1. A guest worker program so we are not inundated with illegals for construction manpower.

Why do you hate American workers?

HeadSet says

It seems at least two items will be necessary for a build back:

....
2. A building code for homes in fire prone areas, such as poured concrete structure, metal roof, community fire breaks, etc.

And for existing houses a requirement to have an underground rainwater collection cistern (with exception for houses with swimming pools), a pump driven by gasoline-powered generator, and a system of sprinklers ready to douse incoming embers. If not outright requirement then a massive discount on insurance premiums.

Blue says

I know places who left few wood, bricks from old on a brand new house to claim Prop 13!

They routinely leave load bearing walls up and other portions of the house when remodeling to keep Prop 13.

DOGEWontAmountToShit says

Blue says

I know places who left few wood, bricks from old on a brand new house to claim Prop 13!

They routinely leave load bearing walls up and other portions of the house when remodeling to keep Prop 13.

Someone (Eman) on this site mentioned, that ugly looking patch get fixed as part of the work order 2 after 1 has been approved. CA 1978 prop 13 is a total fraud from day one which is unethical Ponzi scheme treats everyone is unequal under the law!

RWSGFY says

It seems at least two items will be necessary for a build back:

....
2. A building code for homes in fire prone areas, such as poured concrete structure, metal roof, community fire breaks, etc.

And for existing houses a requirement to have an underground rainwater collection cistern (with exception for houses with swimming pools), a pump driven by gasoline-powered generator, and a system of sprinklers ready to douse incoming embers. If not outright requirement then a massive discount on insurance premiums.

All of this. They're already million dollar homes, sometimes x10. Put in a fucking system to have it not burn down. It's not difficult.

Even an advanced system is maybe $50-75k. It's not a big cost for a $5M home. 2k gallon cisterns are like $3k. Get 3 or 4 of those, backup nat gas generator, same number of pumps and you're at about $15-20k. Plumbing for sprinkler systems maybe $10-20k with labor included.

It's no different than homes in FL or the Caribbean having hurricane glass on their windows so the don't have to board up unless there's a Cat 4-5 hurricane. They also have the rolling metal shutters on newer homes or retrofitted. Tornados are about the only disaster you can really plan for. Just have a basement and hunker down as your house is torn off the foundation.

Booger says

Why do you hate American workers?

I don't, I just do not want the work to be done by a mass of illegals that soon become "Amnesty Americans."

HeadSet says

Booger says

Why do you hate American workers?

I don't, I just do not want the work to be done by a mass of illegals that soon become "Amnesty Americans."

I didn't say this specifically, but young men (American) with no kids should just go out there in a camper and do labor. Stay at a long term campground. They'd make a ton. There's going to be a ton of money to be made even if 20% of people just leave. No doubt you could make $50/hr or more just swinging a hammer.

Ceffer says

Gross underestimate. Try trillions.

Read the OP again. General RE only has $17 billion in assets. The other insurance companies gotta have less than that dedicated to their California subsidiaries. When they go belly up, then it falls on the California department of insurance to cover the losses up to the amount in its statutes.

Newsom has to beg DC for a bailout. Funny, shouldn't have Trump proofed Cali and spent so much on illegals.

Where do they come up with 275B in damage?

RC2006 says

Where do they come up with 275B in damage?

Biggest I've seen was $50B. Ceffer digs up bizarre stuff from weird corners of the onterwebz. None of these wild predictions have ever materialized. 🤡

RWSGFY says

Biggest I've seen was $50B. Ceffer digs up bizarre stuff from weird corners of the onterwebz. None of these wild predictions have ever materialized. 🤡

Something like 12,000 buildings - not just houses - are currently estimated to have burned down. $50 billion divided by 12,000 averages out to $4,167,000 per structure. But the houses in places like Pacific Palisades and Malibu are a lot more than that. And the shopping centers and schools cost more than $4 to replace their structures too, I bet.

So the $50 billion figure sure sounds like a low ball figure to me. More likely 3 - 4 times that will be the final number. But we have to wait and see.

DOGEWontAmountToShit says

But the houses in places like Pacific Palisades and Malibu are a lot more than that.

... and the houses in other places are lot less. Not to mention the $4M number does not include land, so it's more like 1/2-1/3 of that.

Then factor in all the red tape and increased cost of labor and general inflation...I wouldn't wanna be one of the victims.

DOGEWontAmountToShit says

And the shopping centers and schools cost more than $4 to replace their structures too, I bet.

I don't know shopping centers, but Schools are $4M to replace at bare minimum if it's tiny and 8-10 classrooms. It's likely closer to $30-50M for the big ones. CA and IL are similar. Probably have to pay contractors that pay $50/hr for labor and all the union bull shit.

Not getting into the details of my board, but we have to hire union laborers from Chicago that will have to drive 60 miles. There's a few liberals on the board and you see the light turn on when they hear this shit. They're like WTF? You just got in the real world bitch.

For the area in CA a house isn't that expensive to build. Just depends how you want to finish it. Fancy or basic. You bought the land/location more than anything. Likely schools that will cost a shit ton to replace. Taxes will go up as revenue goes down. People will be leaving permanently.

No issue with people loving their home state, but it's kind of a shit show right now. LA mayor is fucked and I think Newsom is too. How in the flying fuck do you not have water in the pipes to hydrants? We had one house fire out in the fields, they actually did drain the well/hydrant. What we did, build a dry hydrant from a retention pond as a backup.

This shit isn't complicated. I also don't care about animals. If you're in the road I hit you (animals). I like fishing a little bit but smelt are trash and no where near extinction. Lake Michigan has a fuck ton of them. So they don't exist in CA. Oh well? Get water to you people. That's literally the job of government.