LA's Burned Lots Are Selling for Millions: Is This a Sign of Firing Back at Drought?
In LA, people are buying up burned lots despite recent destructive fires, raising concerns about future blazes and the market's resilience to natural disasters. The demand for affordable housing in a pricey city has proven resilient even in the face of devastating wildfires.
In Los Angeles, where single-family homes under $1 million are scarce, buyers are snapping up burned lots despite the potential for future fires. This trend has raised concerns about the city's vulnerability to wildfires, which have become more frequent and destructive in recent years. Despite this, willing buyers remain undeterred by the risks, highlighting the competitive nature of the LA housing market. The phenomenon is leaving experts wondering if residents are taking on too much risk.
