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Strategies & Market Trends : World Outlook

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To: Les H who wrote (44750)	1/26/2025 9:44:29 AM
From: Les H	Read Replies (1) of 50551

Real estate star gives grim prediction for the future of LA as he reveals why homeowners will NEVER return after fires We're talking about $1,000 per square foot to build in places like the Palisades and Malibu. With most people heavily underinsured and construction costs skyrocketing - lumber, steel, everything - it's just not feasible for many,' he said. Altman's grim prediction is compounded by the logistical nightmare of rebuilding amidst an area that looks more like a war zone full of burned out buildings, ash coating the area and toxic chemicals everywhere. 'Getting a construction crew to show up at your site is going to be nearly impossible when 16,000 structures - homes, schools, commercial buildings - have been destroyed. dailymail.co.uk

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