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California Burning 🔥

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As a practical matter how can they rebuild? Mortgage companies require insurance. If you can't get insurance you can't get a mortgage. The cost of construction out there was outrageous before, costs will be even more now. National insurance companies that did cover homes are taking a major hit. The rest of us will have to pay more on our policies. We see a similar dynamic here in hurricane country. The super rich and big money corporations will have the cash to re-develop the burned out areas so I see these areas becoming even more exclusive than before. I can also see big changes coming in construction materials. It will be interesting to see what changes have been made 10 years from now.
I think that very thing is happening in Hawaii to Lahaina. I guess that is one way to get rid of the riff raff!
 
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