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Podcast: News For Reasonable People
Episode: Newsom Nightmare: LA Fire Homes TANK in Value, Foreclosures SKYROCKET!
Description: Home values cratering by 62%, foreclosures at a three-year high, and the LA fire zones are becoming a corporate feeding frenzy—but hold on, is it really Big Bad BlackRock swooping in, or is the media narrative missing the mark? We're breaking down the actual data from the Palisades and Eaton fire zones, where 44% of sales went to "corporations"—but here's the twist: most are small LLCs and mom-and-pop investors, not multinational conglomerates. With only TWO homes rebuilt a year later, insurance covering 60-70% at best, and rebuilding timelines stretching 8-10 years in California's regulatory nightmare, homeowners are being forced to s...