There will be a bidding war for homes in that area.

Jan 9, 2025
10:36:44am

Conan Best Poster on CB -JD Power

The winners in all this are those who have their houses on the market right now, or can get them on the market in the next couple of weeks.

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Conan

Previous username: Conan O'Fresno
Bio page: Conan
Joined: Jun 14, 2005
Last login: Jan 9, 2025
Total posts: 26,690 (6,569 FO)

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Messages

Author

Time

As a real estate guy.. I wonder where all of these fire victims are going to live. I assume many of them have 2nd homes

HarlemCoug Intervention Needed

10:30am

The rental market is going to be nuts

mudpupper

10:31am

Maybe Blackrock started these fires

pink22

10:32am

Hopefully they stop halfway in Utah and make home there. Texas doesn’t need any more Westerners

WDaddy

10:32am

The data show that TX is getting more red because of the Californians. That the type of Californian who is moving to TX

HarlemCoug

10:34am

That’s fine. Let them build up the red stronghold in Utah.

WDaddy

10:35am

Utah is out of room and water

TSTTKB

10:46am

Utafornia would be perfect. They love small lots and air pollution.

Baron

10:39am

It will take years to rebuild with the crazy regulatory environment in CA

delinquentcoug

10:33am

You can buy anything in California with money, even bypassing regs.

WDaddy

10:33am

Tell that to Bill Maher and Suzanne Somers. If you aren't aware of their stories then do a quick search. Not getting

HarlemCoug

10:37am

It’s labor regulations, environmental regulations that increase costs. Capping

delinquentcoug

10:41am

How do you build a fireproof and earthquake safe house on a hillside?

Ycrazy

10:34am

and how is the bank going to get you a loan knowing you can't insure it.

Cougarclaw

10:36am

I’m curious what it does to the market in LA. Do we see a drastic decrease in

RevolutionDeathsquad

10:35am

Simple supply/demand scenario. Supply just shrank, demand won't

Tare

10:38am

Won't the inability to get mortgages on uninsurable property affect demand?

Doogal McCougar

10:48am

CA will step in and cover fires just like FL covers hurricanes

Tare

10:53am

I'd bet most of the relief funds come from the Feds.

HarlemCoug

11:00am

For this disaster, yes but when enough insurance companies pull out the state

Tare

11:33am

There will be a bidding war for homes in that area.

Conan

10:36am

I have wondered that too

El Careeb

10:41am

My neighbor's cousin just lost everything. Starting over from basically nothing

Doogal McCougar

10:46am

I hate to ask... did he have insurance and if not how did the mortgage company allow it?

HarlemCoug

11:01am

Not sure of the details. I believe they originally had insurance when they

Doogal McCougar

11:10am

Also if you are a contractor, could you run down there and pick up some big

RC Vikings

10:55am

You need a contractor license in CA and it ain’t easy to get.

WDaddy

10:58am

Mass deportation will make this difficult

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