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Mark Wauck's avatar

LA: The real red pill will come when people try to get permits to rebuild their homes and face multiyear waits.

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Scott Adams:

1. It can take years to get anything approved in normal times in California. The backlog from the fire could push it out a decade.

2. The cost of building a custom home in California is roughly double the market value of the home when done.

3. The new home will get a property tax step-up to become unaffordable for anyone who owned the original home for a decade or more.

4. The fire risk will return once everything regrows, and insurance companies will not come back. Here I assume continued state incompetence.

5. There are not enough qualified builders to rebuild.

6. Owners would be rebuilding in the midst of unchecked and growing crime.

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