Seems like it will make housing go up every where

Jan 9, 2025
3:42:27pm

Durden All-American

We now have less supply since all of these houses no longer exist. We also have greater demand now because all of these people will need housing. With all the insurance payouts these people could take their cash outs and buy a lot of home elsewhere.

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Durden

Previous username: bYuFB
Bio page: Durden
Joined: Sep 18, 2013
Last login: Jan 10, 2025
Total posts: 7,337 (738 FO)

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Messages

Author

Time

Will the CA fires have a significant impact on housing prices in Utah?

530Coug

Jan 9, 3:38pm

Yes

Jimmertime

Jan 9, 3:39pm

10000% chance. Bunch of very wealthy people will needed somewhere to live…

IGlowInTheDark

Jan 9, 3:41pm

Yup. I would imagine Salt Lake and Summit Counties could be popular spots for them here.

RootieBoy

Jan 9, 3:55pm

St George area too. Quick drive to supervise rebuilding your villa as needed.

IGlowInTheDark

Jan 9, 3:57pm

A couple of thousand homes isn't even a rounding error in the housing market

OrsoNero

Jan 9, 4:18pm

Seems like it will make housing go up every where

Durden

Jan 9, 3:42pm

A lot of those displaced people will probably say enough and relocate. There are

NWCoug

Jan 9, 3:43pm

Yes

El Careeb

Jan 9, 3:47pm

Maybe it's time for a little context here. There are 2000 structures burnt at

bulletproof

Jan 9, 3:51pm

I've read 20,000-30,000 structures.

Yes

Jan 9, 3:56pm

Seems like this fire could spook a lot of people that have been thinking about leaving Cali to make the jump.

greatbam

Jan 9, 4:02pm

This BBC article says about 10,000 structures per fire, so around 20,000 total.

dingus79

Jan 9, 4:02pm

That seems like a very reasonable take.

530Coug

Jan 9, 4:05pm

Agree Total NIMBY over reaction. These people already have 2+ homes

SwanSong

Jan 9, 5:38pm

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