Im still cleaning up from 4 hurricanes in 13 mos, Zero help from Fema or from Dixie County Fl. My heart goes out to those people, My guess is that area will be rebuilt quicker than our Florida market due to socio economics.
Oh my God, real estate people are the absolute best. They're like magicians who try to convince you that a flaming pile of rubble is just "cozy rustic vibes." This guy from CoreLogic is over here saying the fires in Los Angeles-yes, the actual city that's currently smoldering-are somehow going to make home insurance cheaper. Why? Oh, because when they rebuild, they'll use more fire-resistant materials. This is the same industry that will look at an active volcano and go, “Wow, stunning views! Great investment potential. You can toast marshmallows on your balcony!” They can’t help themselves. Real estate people will spin anything. Tornado? “Open concept floor plans!” Earthquake? “Built-in massage chairs!” Apocalypse? “A rare opportunity to own post-collapse luxury!” It’s all a sales pitch, and we’re the suckers. But hey, at least now we know: in the real estate world, even a wildfire is just another opportunity for a bullish outlook.
Im still cleaning up from 4 hurricanes in 13 mos, Zero help from Fema or from Dixie County Fl. My heart goes out to those people, My guess is that area will be rebuilt quicker than our Florida market due to socio economics.
I hope CoreLogic also models political risk. A big reason why such disasters in CA are so large and costly is non-existent planning and politics.
Oh my God, real estate people are the absolute best. They're like magicians who try to convince you that a flaming pile of rubble is just "cozy rustic vibes." This guy from CoreLogic is over here saying the fires in Los Angeles-yes, the actual city that's currently smoldering-are somehow going to make home insurance cheaper. Why? Oh, because when they rebuild, they'll use more fire-resistant materials. This is the same industry that will look at an active volcano and go, “Wow, stunning views! Great investment potential. You can toast marshmallows on your balcony!” They can’t help themselves. Real estate people will spin anything. Tornado? “Open concept floor plans!” Earthquake? “Built-in massage chairs!” Apocalypse? “A rare opportunity to own post-collapse luxury!” It’s all a sales pitch, and we’re the suckers. But hey, at least now we know: in the real estate world, even a wildfire is just another opportunity for a bullish outlook.
Agree. Totally delusional. Never meant to be habitable spaces.