De La Wildfires are a reminder of the cost load of the reconstruction
The fights of California with different forest fires in recent weeks have resulted in the destruction of more than 57,000 hectares and 16,000 structures From Tuesday, according to Cal FireWith insured losses estimated at $ 45 billion.
Ruth Jones Nichols, Executive Vice President of local and national programs on Local initiatives support Corp. (Lisc), a non -profit organization that offers financial assistance and technical support to projects for community development, said that the road to recovery in Los Angeles will increase the wealth gap.
Jones Nichols pointed out that the rates of home ownership for Latinos and blacks in California were already far below those of white households.
“As such, the recovery for people with financial resources will be slow, mainly because of the construction times, because the permit of processes have been relaxed with general exemptions to speed up the reconstruction,” she said.
“… For those without sufficient income or savings, largely those of the majority minority population, the road to recovery will be littered with financial barriers that will prohibit their returns, which leads to a loss of original representation of ownership in fire -digging areas.”
Jones Nichols noted that in areas with existing affordability crises, such as Los Angeles, the tribe is felt more acute by families without generation.
“Some burned -out communities, such as Altadena, were places where black families could thrive at a time when blacks were not allowed to buy real estate west of Crenshaw or east of the 110 highway. … Many of the older and average income families that are displaced by the forest fires will have difficulty holding their property, in essence the prospect of generation transfers within those communities, “she said.
The rising insurance price, the costs related to reconstruction and resilience -upgrades with regard to the costs of climate change are the households that are taxed outside of California. The scale of destruction often slows down remediation, increases the costs and creates tension in the range of homes. Policy that is designed to cover the costs of living during a disaster cannot cover a long -term relocation.
“The reconstruction will help the ratio for the offer of the offer, which, however, does not necessarily mean that the prices are going back to where they were because houses will be brand new,” said Adam Hamilton, the CEO of the CEO HubA software company for owners of rental properties and real estate investors. “It will probably ensure that prices continue to rise, so that the current residents may even be cleared out.”
Hamilton also pointed out that the Olympic Summer Games 2028 will be held in Los Angeles, of which he said it will probably be increased the pressure to rebuild quickly.
Marty Smuin, CEO of Proptech Firm ArturoSaid that natural fire risks, especially in fire -sensitive areas, should be worrying for everyone. But there are practical measures to reduce the effects, and its company uses artificial intelligence (AI) to improve disaster prevention and response.
“Proactive mitigation measures can significantly reduce the chance of damage and reconstruction costs. Steps such as cleaning up roofs and gutters of dry debris, maintaining a defensible space around houses and using fire -resistant materials for roofs and facade plating can make properties more resilient, “said Smuin.
“AI plays a crucial role in preventing and responding to these disasters, including fire damage, offering speed, accuracy and scalability that traditional methods often miss. At Arturo we assess risks and recommend ways to improve resilience using advanced AI-driven real estate intelligence. In the aftermath of Bosbranden, our technology supports insurance companies and homeowners by evaluating damage, calculating reconstruction costs and making faster, more accurate claim processing possible. “
