US EditionReal estate losses from fires may top $30 billion, from old mobile homes to $23-million mansions
- The January fires in Los Angeles caused between $28 billion and $53.8 billion in property damage, according to a study by the Los Angeles County Economic Development Corporation.
- The economic impact is projected to result in losses of $4.6 billion to $8.9 billion in output and $0.73 billion to $1.4 billion in tax revenue over five years.
- Recovery scenarios suggest full economic recovery could take until 2034, depending on the speed and effectiveness of rebuilding efforts.
- Officials emphasize that fast-tracking rebuilding and improving fire resistance in construction are crucial for recovery, as stated by former State Governor Gray Davis.
23 Articles
23 Articles
Boyd The Broker Real Estate Publishes New Article: 'Healing After The Palisades Fire'
Manhattan Beach, CA, March 03, 2025 (GLOBE NEWSWIRE) -- Boyd The Broker Real Estate, a full-service real estate company, is proud to announce that it recently published, ‘Healing After The Palisades Fire,' an interview style video that is getting widespread attention on Instagram @boydthebroker. The new interview is designed to offer hope and raise awareness to those families struggling to resume their lives after the recent devastating Palisade…
SoCal wildfires caused billions in damage, economic impact will be felt for years, study finds
A new study finds that the economic impact from the Palisades and Eaton fires, which destroyed thousands of structures in Pacific Palisades and Altadena, will be felt for years.
Report: L.A. Could Recover from Fires by 2029 -- If Rebuilding Starts Quickly
Los Angeles could recover from the Palisades and Eaton Fires by 2029 -- but that is a best-case scenario, according to a new report on the regional economic impact of the disaster. The post Report: L.A. Could Recover from Fires by 2029 — If Rebuilding Starts Quickly appeared first on Breitbart.
LA wildfires caused up to $53.8 billion in property damage, new report says
Property damage from the January wildfires in Los Angeles County, including the Eaton and Palisades fires, is estimated at between $28 billion to $53.8 billion, according to a report published Thursday. The report commissioned by the Southern California Leadership Council and the LA County Economic Development Corporation studies a broad range of economic impacts of two of the most destructive wildfires on record in California. The report examin…
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