The Nightmare of Rebuilding in California After the Fires

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California is heavily regulated, and housing is no exception. People hurt by nature in the past have often had to wait years to rebuild. Some people are worried that California, a WEF-friendly state, will try to use this as an opportunity to build those 15-minute cities with hi-rises.

If nothing else, it won’t be easy to rebuild unless the wealthy homeowners can do something about the regulations.

The city permit offices and coastal commission commissars are tough to deal with. They’re radicals.

The coastal commission gal:

This X poster below said he hears credible reports that Gavin Newsom and developers are discussing exactly that in Pacific Palisades from R1 to R3.

Gavin Newsom said this is not true.

Newsom has been pro-high-density housing even though people are generally happier when they live in single-family homes and have their own little piece of land.

Changing zoning is a big issue for the WEF (World Economic Forum Social Engineers) and the UN. They don’t want people to have the American Dream.

That doesn’t mean Newsom will go against his biggest voters and try to rezone. He says he isn’t doing that.

Adam Corolla predicts the blue voters will find religion when they try to rebuild.

Tax Laws

California has just passed new tax laws; if your home burns down and you don’t rebuild within two years, a heavy lift in California, you lose your tax basis. Your property taxes skyrocket to the new values of the property.

Real Estate Gal:

“Think about a home that was purchased many years ago for $5 million. Let’s say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn’t transfer the tax basis, you’re looking at like $400,000 a year that they would have to pay.”

“In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.”


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Steve
Steve
5 months ago

I’m 100% Native American. I was born here, my parents were born here, their parents were born here, etc, etc, etc, etc.

If only certain ‘Native Americans’ deserve special treatment and taxpayer provided benefits, then EVERYONE deserves it, bc EVERYONE has had their land taken from ‘their people’ at some point.

I’m not from Mars.

ThinkAboutIt
ThinkAboutIt
5 months ago

Exactly. They will not rebuild. The California Coastal Commission will see to that once the land is bare. The California EPA will find a bug, lizard, or small mammal to protect because they are more important the lowly human being. The displaced people will have to move to Vegas like the Hawaiians. That’s the globalist way.

Francis Ledger
Francis Ledger
5 months ago

California is the least business friendly territory in the western hemisphere. If they reduced their insane over regulations down to a minimum, the costs and timeframe for building anything would be reduced by at least 1/3. CA politicians use the blessings of Silicon Valley to establish a socialist hellscape for its residents. Rich fools pay for it and the dregs… Read more »

Daniel
Daniel
5 months ago

This is when the people in California will find out just how badly their Government wants them gone. You couldn’t permit a hot dog stand in California today.

ShellCompanies
ShellCompanies
5 months ago

Go read up on all of the non-profits and other housing organizations which take federal and state money to build. They are heavily subsidized for up to 5 years. Then they turn around and begin charging full rental rates. We are talking billions in housing grants to these mysterious shell companies with no history!

boston
boston
5 months ago

don’t worry elite lib stars. smile. be happy. you will never get to live in your precious hills away from the masses again. unless of course, you pay. pay to the chi-coms who want your property.