Last week, comedian Adam Carolla went viral for a video where he talked about the California fires and how the state’s progressive bureaucracy would prevent many residents from rebuilding their homes.
Now a prominent California real estate agent named Josh Altman is confirming what Adam Carolla already knew.
According to Altman, many people just won’t be able to afford rebuilding. Others will not want to wait and will just give up and move elsewhere. Even the people who have the money to stick it out may not want to live in the middle of a construction zone.
FOX News reports:
‘Million Dollar Listing’ star says up to 70% of Palisades residents will not return after devastating LA fires
“Million Dollar Listing” star Josh Altman predicts the Pacific Palisades will never be same because he doesn’t expect the majority of families will return.
In a new interview with Fox News Digital, Altman explained how the Los Angeles fires have affected residents of the Southern California town and what the future looks like.
He says his insurance agent told him that “90-plus percent of these people are heavily underinsured.”
Altman added, “I think 65-70% of the people do not go back to the Palisades or Malibu. I can just tell you from gauging all these calls that I’m getting where people are asking me to send them listings and talk to them about different neighborhoods.
“I’ve gotten calls from many people who just don’t want to be in fire areas anymore,” he continued. “You have to realize there have been multiple fires. … Is lightning going to strike twice? It’s going to happen again. … So, you know, I think it’s more that most people just not having the bandwidth to go through a build process is going to be more of a determining factor.
Watch the video below:
NEW: Celebrity realtor Josh Altman says he thinks 50% of people who lived in the Palisades will not move back, says many will leave the state or move to Orange County.
Altman said the majority of the people who lost their homes were uninsured & won’t be able to rebuild.
“It’s… pic.twitter.com/9OWvlb2qTr
— Collin Rugg (@CollinRugg) January 17, 2025
Gavin Newsom and other leaders in California are vowing to cut red tape to allow people to rebuild quickly but many people don’t believe they’ll actually do it, and even if they did, the destruction is so vast that it is going to take years.
