r/sustainability • u/Sauerkrautkid7 • 1d ago

California’s $20B wildfires dubbed 'most expensive fire in history' and could push U.S. to 'uninsurable' brink

https://www.themirror.com/news/us-news/californias-20b-wildfires-dubbed-most-900782
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u/l-isqof 1d ago

Land values in such a popular location are likely to remain high, so the figures seem all wrong to me.

Obv, some loss in land value would make sense, but you'd still be in one of the most popular spots on earth, that is likely to be rebuilt all over in a few years.

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u/GeneralAppendage 7h ago

I actually don’t see this happening. If anything I’m afraid that there will be a mass exodus. The uber rich are fine. They have 2&3 other homes. It’s the normal families needing immediate housing fleeing. Driving up prices elsewhere and collapsing the market. Lots of people won’t move back after the fire because, fire.