The former star of “Million Dollar Listing” and the Los Angeles real estate agent, Josh Altman, provides an update on efforts to recover and reconstruct forest fires, and predicts the visit of President Donald Trump on disaster sites.
After making a shocking prediction that Up to 70% of Pacific Palisades residents I will not be like rebuilding and living in their homes, the former real estate agent of “Million Dollar” Josh Altman explains exactly why.
“They are not going to come back because they don’t want to come back. Of course, they want to go back … They won’t come back because it’s simple mathematics,” said Altman on “Fox Business Live” on Friday on Friday .
“I do not believe that they will afford to rebuild with most people who are highly under-assured, with the costs of construction, wood, steel. We are talking about $ 1,000 [per] Feet building in the palisades and in Malibu. “”
South California has been struggling with a wave of forest fire since January 7. More than 50,000 acres were burned, 28 people were killed and more than 16,000 houses and buildings were completely lost.
The Celebrity Broker holds “Bad” forest fires responsible, urging them to “collect their act”
President Donald Trump Declared on Friday of national emergency after visiting devastation in Los Angeles with residents who were personally affected by the disastrous event.
The former star of “Million Dollar Listing”, Josh Altman, maintains that the main reason why up to 70% of residents of Pacific Palisades will not return to them is due to expensive insurance costs and buildings, on “Fox Business Live”. (Foxbusiness)
The first estimates put the total financial loss of forest fires in the $ 50 billion range, according to Accuweather and JPMorgan. Before fires, several insurance companies have fled, have ceased to write new policies or reduce coverage in the Golden State.
“And it is in addition to bringing a construction team to appear on your site when there are 16,000 structures that have been burned between houses, schools, commercial spaces. It is a disaster,” expanded Altman. “That’s what I say, I don’t know they can do it with insurance.”
Newsom has signed a rescue package where the state will spend $ 2.5 billion to help recovery from forest fires. But Altman wants Newsom to go further from his response by removing bureaucratic roadblocks that make construction houses in California in a timely and expensive manner.
New York Dolly real estate agents and Jenny Lenz discuss the Los Angeles forest fires and the impact he will have on the local housing market on “Fox Business Live”.
“The recipe for success will cut administrative formalities. Building a house, the process in California, which has just been packed in administrative formalities, is absolutely impossible: one year to obtain permits; you have the coastal commission, which could be two more years.
“There have been a lot of orders and many things at the level of the state and the local level which must go. The tax on the manor was the worst tax that has ever been adopted,” said Altman. “Get rid of for all the people who have lost their houses. The fauna prescription, get rid of it. Start cutting administrative formalities. This is how we are going to start to be [a] Strong Los Angeles. “”
The real estate expert, who spoke before the president’s visit, hoped that Trump see the devastation of his own eyes would lead to federal assistance and assistance.
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The founder of the Oppenheim group and the main broker of the Oppenheim group talks to Fox News Digital on the way he denounces the owners who take advantage of the price in the midst of the devastating forest fires of California.
“You must see it. I have traveled the palisades, I walked Malibu. It is much worse in person that you could never imagine. I hope it will open the funding at the federal level.”
Critical fire conditions have declined Throughout the regionFriday, with isolated rain pockets expected this weekend. The beneficiary rain will reach a peak of coverage on Sunday, but could trigger mudslides in the areas of Burn-Scar.
Stepheny Price of Fox News and Chris Oberholtz by Fox Weather contributed to this report.
