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Thieves Steal $100,000 Worth of Copper
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- Опубліковано 15 тра 2024
- A warehouse in Los Angeles was recently broken into and thieves stripped the building of $100,000 worth of copper.
This is one of those scenarios where the value of what they stole is far less than the damage caused to the owner.
The thieves will likely have to sell it at a discount to a scrap yard or ship it to another country to have it recycled there.
Meanwhile the owner has to deal with downtime, insurance claims and the process of having it all reinstalled.
Here are some interesting articles if you want to read into the massive problem of copper theft:
Story of the copper heist: www.newsbreak.com/los-angeles...
Copper scrap prices: myscrapstop.com/scrap-price/c...
45 Years of copper prices: www.macrotrends.net/1476/copp...
FBI's take on copper theft: www.fbi.gov/stats-services/pu...
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🙋♂️ Chad Griffiths, MBA, SIOR
#shorts #copper #thieves
Years ago, we sold an industrial building in LA, it was a foreclosure and the bank had not inspected the property yet. When we did our inspection we found 2 bodies, both in different levels of decay, one was laying on top of the other. They had grabbed the copper wires that happened to be live and met their end. What an experience that was...Crazy!
😳 that is an absolutely crazy story! Wow I can't even imagine. Awful that you had to see that and I'm sure that's etched into your memory
@@industrialize I will never forget that one, working foreclosures was an experience.
Don't banks sell homes and industrial buildings to each other for a dollar?
I stopped locking my truck. It's cheaper just letting thieves have whatever they want vs having to replace a broken window.
although it is more likely for them to try to open the door than it is to break a window because it would just look like it is your car if you are stealing. 🚘
Keep voting Democrat
Haven't and won't bud
@@industrialize then why live in their world?
Had to have been a really cool pair of sunglasses !🕶️
If there were actually pineapple sunglasses I would have been much more disappointed! 😜
The cost of installing a building security alarm and having it monitored is more than worth the piece of mind while a unit sits empty. Even if it's a $200 Ring security alarm with motion censors that you can monitor from your phone.
💯% agree! It's shocking how many empty building I walk through where there isn't even a basic alarm
One of my tenants just had thiefs steal 12 catyltic converters off there fleet of work trucks
My neighbor just had his stolen too but they didn't steal mine (yet 😬)
💵🏃♂️
Oh, so sad... Poor baby
Says the guy who probably breaks into trucks to pay his rent
@@industrialize I have stolen from cars as an idiot kid. I did my time, now I pay my bills legit. I'm tired of hearing complaints about theft from people living in a place that allows theft...
Fair point and no disagreement from me on how frustrated I am with it too.
I actually live in Canada in a province that would be the equivalent of a red state. It's infuriating seeing what's happening in the blue states (the warehouse in LA is a good example).
Bam Margera is that you
I don't have enough tats
@@industrialize 😂