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Thanks for posting this, makes sense to me too and I think he's right. I do watch his show, lol - leave to Altman to be able to strategize/capitalize on the PP market condition post-fire.Million Dollar Listing's realtor Josh Altman did a fascinating interview where he talked about the post-fire cataclysm future of the Palisades. He said the majority of those in the area were underinsured. He feels they're going to take their insurance checks, sell their land, and move elsewhere. He said it's always going to be a vibrantly important neighborhood, but a whole new crowd will take over, with new faces. The way he explains it, it seems logical to me, but it's jmo. Nobody is going to want to experience something like this again, but especially if they're experiencing serious financial hardship and loss, too, as a result.
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‘Million Dollar Listing’ star Josh Altman says up to 70% of Palisades residents will not return after devastating LA fires
“I just don’t see people going back there,” Josh Altman said.nypost.com
Carl DeMaio (Reform California) - had an interesting take on what the insurance market fallout will be post-fire. Predicting a tripling of rates across the board. Which for my husband and I who will be retiring in the next three years, is yet another driving force to sell and move to another state. Sad - born & bred, life-long natives. Hopefully our kids follow ...