That seems like a very reasonable take.

Jan 9, 2025
4:05:49pm

530Coug Playmaker

I’m probably going to pull the trigger on a rental property or two very shortly. Just checking with o wise CB. It’s always risky, but to me it seems like it is not likely to cause home values to plummet.

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530Coug

Bio page: 530Coug
Joined: Feb 5, 2016
Last login: Jan 10, 2025
Total posts: 1,571 (8 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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