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SuezCanal's avatar

And, as Adam Carolla has pointed out, it takes 3 years to pull permits in LA County. The Coastal Commission makes insane environmental demands attached to permitting. No "expediting" will be going on here. The truth is, he says, the state doesn't want folks to rebuild. They want them GONE. As to Fred's comment, everyone in the Palisades may be land wealthy, but they do not have money in the bank to "simply" rebuild. Some of them are original or second owners who have lived in their houses for decades, long before the $2M home became common in Los Angeles. My parents purchased our house in 1965 for $26,000. There's not a house in my former zipcode, which is right next to LAX, that can be got for less than $1.2M. If they were still living, or I had inherited their house, no one would be able accuse ME of being "rich" even though my property could be sold for such a price.

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CMCM's avatar

Our former neighbors up here in Northern CA also have a tiny home probably built in the 1940s in Santa Monica, several blocks from the beach. It's a 1 bedroom, very low sf home on a tiny lot. This same house in a lesser area of CA might cost $125K. In saner parts of the U.S. it would sell for $30K max. But its current value in this location if sold is listed as $1.4 million. If it's not burned to the ground by now, not sure about that.

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