After a shocking prediction that up to 70 % of the Pacific Palisese residents will not return to his home, Josh Altman, a former “$ 1 million property”, explains the reason exactly the reason. I am.
“They don't say that they don't want to go back. Of course they want to return there … they don't return because they are simple calculations,” said Altman. Live “
“Most of the people who have not taken a large amount of insurance for construction costs, wood expenses, steel expenses, etc. have a lot of insurance. He talks about $ 1,000. [per] It is a building at the feet of Parisese and Maribu. “
South California has been dealing with the rapid increase in wildfires since January 7.
More than 50,000 acres burned down, 28 people died, and more than 16,000 houses and buildings were completely lost.
President Donald Trump declared a state emergency on Friday after visiting Los Angeles's tragic situation with residents who were personally influenced by tragic events.
According to Acueesser and JP Morgan, the initial estimation of economic losses has reached $ 50 billion.
Prior to the fire, several insurance companies fled, stopped signing new insurance contracts in the Golden State, and reduced their compensation.
“In addition, when 16,000 buildings are burning among houses, schools and commercial spaces, it is necessary to have construction workers come to the scene. It is a catastrophe,” Altoman expanded further.
“I don't know if I can do it with insurance.”
New Sam has signed a rescue measure that spends $ 2.5 billion to support the restoration of the wildfire.
However, Altman wants to take further steps to New Sam's response by removing bureaucratic disability, which is a well -cost and high cost of housing construction in California.
“The secret to success is to omit complicated procedures. The process of building a house in California is absolutely impossible because it is performed only by administrative procedures. It takes a year to obtain permission. There is a coastal committee. He said that it would take two years to break the bureaucracy.
“There are a lot of ordinances and abolition at the state and local levels. The mansion tax, it was the worst tax,” said Altman.
“Remove it for all the people who lost the house. Please abolish the birds and beast ordinances. Let's start cutting the government office. We will return to it. [a] Strong Los Angeles. “
The real estate expert, prior to the president's visit, hoped that President Trump witnessed the disaster with his own eyes and would lead to further assistance and support.
“I have to see it. I walked in Parisase and I walked, which is much worse than you imagine, which makes it possible to provide funds at the federal level. I am expecting.
On Friday, the severe situation of the fire has weakened throughout the area, and it was expected that it would rain locally over the weekend.
Useful rain peaks on Sundays, but can cause landslides in the burns.
Fox News's Stepheny Price and Fox Weather's Chris OberHoltz have contributed to this report.
