Zillow rubbing their hands nostr:note1hpmwwzn7yqefda087dr4x5jjahtjr0j93z90r5luuavcys9eur2s28g58n
Discussion
Dark but I absolutely had similar thoughts. There’s about to be an aggressive push to acquire literal “fire sale” land 🤢
let's just say that the prices have probably bottomed
if not, then the apocalypse will follow, and then the prices won't be the biggest problem anymore
“we will rebuild from this tragedy. our partners at Blackrock and Vanguard have offered to assist in rebuilding a modernized smart neighborhood for the good of all who have been affected by this terrible tragedy.”
yes, they're "saving" the people
No joke, this is what happened in the Paradise fire in 2018.
Wait, can you elaborate on that?
Developers built new “affordable” homes on land acquired from previous owners in a place that will most definitely burn down again.
https://www.vice.com/en/article/paradise-burned-to-the-ground-now-its-another-hot-housing-market/
tbh, at this rate just make the houses out of wood again
burns faster and then it's quicker to build another house on there before yet another fire
🤔the vast majority of houses in the US are indeed built with wood framing. Alternative building styles and materials are needed for a sound money world…
Lowes and Home Depot too. 😕
I am curious what insurance companies have exposure because Paradise fire destroyed 18k structures which was16 billion in damages. These fires seem to be in higher net worth zip codes.
Shorting the insurance companies might be the move. Not investment advice.
