Reports indicate $50 Billion in estimated damage in Los Angeles fires

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$750 and get in line behind North Carolina.

The sinners are getting torched. Sodom and Gomorrah.

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What does this mean?

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The math or the reporting is off

That’s it?

Not minimizing but like the value of properties lost in this area are on a scale not seen in most areas

Was thinking even more

And the monetary damage isn't limited to just the buildings...

Obviously the cost of buildings varies greatly. A large commercial property is worth a lot more than even these 10 million plus mansions. But like I said it's way too early to get anywhere near an approximation of the damage.

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Not minimizing but like the value of properties lost in this area are on a scale not seen in most areas

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Value is something that goes up and can come down. Price is the dollars assigned for the transaction.
Lots of lawyers and inspectors and experts are going to get rich as those who have insurance find that they are underinsured, or the insurance companies declare the $$ to be excessively inflated.

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the value of properties lost in this area

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The homes aren't 10s of millions of dollars, it's the hillside they're built on. Who gives a shite if it's worthless now, insurance isn't reimbursing the overpriced land.

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FEMA cuts a check for the structure, they sell the lot for millions, relocate to the Midwest or southeast and spend the rest of their days counting their windfall.

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I don't think it's quite that simple. Some of those people are presumably employed out there. And the very wealthy often have items in their homes that might rival the cost of the home.