California Wildfires

[Allen]

I have a cousin who lives there but so far his home is still intact. He says that his children and grandchildren have been evacuated but has no info on whether their home still exists.

These are the types I have sympathy for. While these fires are no worse that a major hurricane a lot of these residents are between a rock and a hard place by not being able to sell out and move because their houses can't be insured. Meanwhile property values are skyrocketing to where they are having to pay outrageous taxes. What good is a $2M home if the expenses are crippling and you can't sell it? Also, not all residents voted for nor support the current administration. Does a vote in CA really mean anything?

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The photos look like the photos of Berlin in 1945. Block after block of rubble.

I had the exact same thoughts.

[Allen]

Now, an earthquake where the fires are.

Is God trying to tell them something ????

If so, NYC will be next.

https://www.dailymail.co.uk/sciencet...wildfires.html

[Allen]

For those who had their insurance dropped, the very rich can simply rebuild and pay for it. The majority may not be able to rebuild and won't be able to secure a mortgage. Those who had ins will probably not get replacement value and all the ins companies will probably balk at paying much of anything. As always, everyone's ins rates will go up across the country.

There will be plenty of lawsuits coming up I feel.

[Allen]

I read an article about this woman who lived in a huge trailer park near Malibu who stated that replacing her house (trailer) wouldn't be a big deal, but would miss all the irreplaceable items she lost.

This may not be the case. I will be very surprised if a lot of zoning and new regulations aren't established after this like building houses with flame retardant material, spaces between houses being greater, no trailers, limited number of cars allowed in some areas, etc...

During one of our yearly nearby hurricanes a tsunami wiped out houses for several blocks inland near the Gulf of Mexico. After that new regulations prohibited rebuilding unless the houses were on pilings or somehow raised to certain higher levels. Some of these homes could have been saved but had to be leveled due to the new restrictions. I see similar things happening in CA especially due to ins company demands.

[Allen]

Anytime residents are evacuated looters move in for the kill.

We see a lot of it here though the news media keeps it quiet.

Now in CA some of the looters are dressed as firemen so no one would say anything if they were noticed. If caught stealing they could always come up with something like "trying to protect it" or "sending this to the owners so it won't be looted".

This is one thing that keeps people from leaving their homes plus they can't return to them for days afterward for all the debris, downed power lines on the roads.

[Allen]

1cafires.jpg

[Oyaji]

fire cartoon.jpg

[Allen]

If any of you have a travel trailer or RV you want to sell now would be a good time if you can take it to CA. I believe these are going to be very sought after if people can find a place to park them.

Those who lost their homes, can't change jobs or move may be in for a long wait till they can re-build. Regulations may/should change, waits for permits, etc. With all the homes being rebuilt and repaired already in FL, AL, TN, SC and NC due to the past hurricanes building supplies and licensed builders will be scarce.

More homeless for CA.

[JohnMOhio]

The latest info I heard regarding the insurance companies that pulled out of Cal. The state denied them the premium rate increase. Also I might add, each states insurance rates are dependent upon the losses within that state. Losses in California do not reflect the price of coverage in Kansas or any other state. Note that within their rate structure, included is the prevailing cost of materials and labor costs. I am sure your local rates are not as high as the coastal cities if you live for instance middle USA when it comes to hurricanes. However, you do have a risk of a Tornado. Equal amount of damage, no likely. Just some things to ponder as you see your insurance bill each month or yearly renewal if you pay it annually.

[Allen]

Another way of raising rates is to disguise it in the form of reduced coverage and denied claims as I mentioned here in the past from my own experiences. As far as raising everyone's rates across the board the ins companies use the liberal term of "climate change" instead of preventable measures and politics as being the real problems thus they raise everyone's rates.

https://www.marketwatch.com/story/ex...em_mwnpfinance