Thought some of you might find this interesting. We know it will take decades to rebuild so I am real curious what people are going to do.
I received a call from another friend who had his house turned to ash in PP. He and his wife had a rental home there. They just sold their main dwelling, which was just down the street, were living temporarily in the rental home while making plans on what to do in the future. They feel fortunate because most of their stuff was in storage in an undamaged area. They also are relieved that they had already sold their home of 20 years just down the street because it too was turned to ash. Losing both properties would have been devastating.
What are their plans? They are walking away from the property and the mortgage. They are flying to FL this weekend, purchasing a home, and moving out of CA for good. Their original plan was to stay in CA and move to Tahoe, but this event changed that. They are both Hollywood production liberals, but I noticed a tinge of regret in their voices. I told them they couldn't move to FL and vote for the same idiots that they voted for in CA and they swore they wouldn't. We shall see. Liberals don't learn lessons.
I would gladly take their property off of them. Are you kidding? That’s gonna be worth a fortune.
Just curious what did the liberals do to them that conservatives wouldn’t. There’s plenty to say about the conservative response to the floods in Texas.
Of course you would take their property from them you asshat. Its what democrats do. They cause/allow disaster to happen, fake their concern, then torture their own constituents who have generously given them consistent votes and money over the past 40 years of democrat control of the state. It has been 9 months. Less than 10% of permits have been approved. Those permits are just the approval of the engineering drawings. Now the inspections start and some of those are going to take years to get done.
There is zero construction happening in Malibu. Now why in the fuck do you think that is buck?
Where do you think 7,000 families are living while the democrats in charge try to starve them out of their property by not letting them re-build? Do you think their living arrangements are ideal? Think they are happy not being able to build?
To add insult to injury, those who still own their burned out property owe property taxes that reflect still having their home on the property. There is some relief but you have to file the paperwork and you will not be getting any confirmation on your relief for about 12 months. Rumor is that this relief will only amount to a 10% decrease. So if your property taxes were say $17,000 a year in PP prior to the fire, you are still expected to pay that amount until you get a small decrease a year later. Newsome has frozen any increases until 2026 but you can bet that they will increase taxes on burn pits in an effort to force more people to sell once that freeze is off.
Oh yeah, if you sell your property now, you still have to pay CA transfer taxes at a rate that reflects having a home still on the property.
My two friends who lost their homes have given up. By their calculations, it will take 6 years to rebuild in the Palisades. They have been told initial engineering permits are 18 months away and that is from last week which is already 9 months past the fire. It took 8 months for one of my friends to get their soil contamination test results.
But hey buck, I encourage you to go spend a couple million on a few pieces of burned out property. Sitting on non-income generating burn pits for 6 years while paying exceedingly high property taxes sounds like a brilliant plan. Waiting 18 months for the plumbing inspector to find time to approve that stage of construction can be fun!
