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Samson Soturian
Patrick Boyle
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Comments by "Samson Soturian" (@samsonsoturian6013) on "The Economic Toll of The Los Angeles Wildfires" video.
We could price in the risk of fire, but then no one will buy houses in southern Cali
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@iRiShNFT Found the scammer
9
It's cheap. Even in the areas that make concrete, wood is cheaper
9
Do you need shock therapy?
7
Lying about this does nothign for no one
5
Lose the whataboutism
4
On the brighter side, we can take this as an opportunity to build apartment blocs people can afford and roads that aren't so congested.
3
FEMA relief funds only extend to uninsured costs of your primary residence, and banks and real estate agents force you to provide proof of insurance before selling/lending.
2
Some of them didn't. If you have a mortgage or just bought it you can't get away with no insurance, but insurers either weren't offering or were asking high prices for fire insurance so an unknown number of people simply chanced it.
2
California has high land values and high wages to cover high cost of living
2
There's industries keeping people in that area
2
Not really. You have to put house location in when applying for insurance, but California is exactly the type of state to ban insurance companies for charging too much
2
It has nothing to do with this
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@ Not anything to do with southern Cali's fire issues. The terrain and prevailing winds do that
1
@Gumardee_coins_and_banknotes you just admitted to lying
1
Neither is getting much money.
1
This ritard thinks only Mexicans build stuff.
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A chunk of its economy is based on exploiting Hollywood stars and a chunk of it is Mexican.
1
Literally no change has occurred. Why pick Texas to make shit up about when in older communities in the midwest insured value can be three times what the house trades for?
1
@SillySausage-mq3so Doesn't they were always called that
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This kind of libel will get you doxxed
1
Do you have a death wish?
1
Shutup
1
If they don't know how to accurately price that insurance why would they?
1
No, value added improves the economy. Longer lasting house = More value derived from the building of it.
1
They physically can't buy all that land and even if they did no one gives a f***
1
Liars get scalped, because you mean that may man-made wildfires were started by homeless people, and even so that has nothing to do with the costs of this particular fire, so lose the condescension before you get doxxed
1
That doesn't add value to anyone's lives, silly
1
Dude, people lived there for a reason. The weather is nice, the bay is a vital port, and there are fruit/veggie farms with fat profit margins
1
@HALLish-jl5mo That doesn't necessarily help
1
@SusCalvin lier
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Found the Karen
1
The biggest cost to insurance companies is paying premiums followed by paying for their insurance, their worker's wages, then the rent and such. There's a combined trillions in reserves, but it shouldn't surprise you selling insurance favors the guy with the deepest pockets. Most of the insurance giants were buying their insurance from Warren Buffet. Insuring your house/car doesn't make the risks go away, it simply spreads it all over the world and averages it out among insurance payers.
1
Wood is cheap, concrete is not. I'm from a major concrete exporting region and even here wood is cheaper. Also, stone buildings aren't always fireproof because interiors and shingles catch fire
1
You don't, why should we? Any statement to the contrary will get you doxxed immediately
1
This id10t thinks all there is in LA are movie stars and not tens of millions of transportation workers, stage hands, sailors, food distributors, shipbuilders, tourist traps, and beach bums.
1
Many insurance companies just don't offer fire insurance down there for this very reason. I can say with statistical certainty that one or two canceled someone's fire insurance right before the blaze
1
@QWONIE This guy doesn't know where planes and cars come from
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Ha. They had a nuclear meltdown because the reactor was underwater. No, Japan has the same problem with over-regulation as California, they even make you provide proof you have a parking space when you buy a car.
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LA was notoriously expensive in every category except food.
1
@fren111 It's definitely going to happen unless you think the city will be abandoned.
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@ Get real. The Rich will build whatever they feel like, it's the average LA resident that's a concern here
1
Remove that before your house burns
1