US EditionReal estate losses from fires may top $30 billion, from old mobile homes to $23-million mansions
- Property damage from the Palisades and Eaton wildfires is estimated to be between $28 billion and $53.8 billion, according to a report by the Southern California Leadership Council and the LA County Economic Development Corporation.
- The fires destroyed structures on 56% of properties in Pacific Palisades, displacing nearly 13,000 households, as reported by Cal Fire and the Los Angeles Housing Department.
- Los Angeles County will lose about $13 million per year, and tax revenue losses could range from $730 million to $1.4 billion, as stated in the report.
- Recommendations for recovery include fast-tracking rebuilding efforts and implementing alternative insurance models, which were emphasized by Gray Davis during an online news conference.
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21 Articles
21 Articles
All
Left
3
Center
2
Right
3
Coverage Details
Total News Sources21
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 25%
R 38%
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