LAEDC estimates up to $8.9 billion in lost economic output from Palisades, Eaton fires
3 weeks, 4 days ago

LAEDC estimates up to $8.9 billion in lost economic output from Palisades, Eaton fires

LA Times  

Los Angeles County could lose $4.6 billion to $8.9 billion in economic output over the next five years from the Palisades and Eaton fires, a Los Angeles County Economic Development Corp. study released Thursday predicts. Employment losses in Los Angeles county could reach up to 49,110 job-years based on recovery time, the study said, with labor losses ranging from $1.9 billion to $3.7 billion. Los Angeles County industries that will take the brunt of the economic damage include real estate and rentals, retail trade, and professional and scientific technical services. Property damage, which was analyzed by counting 20,218 land parcels within the burn area, could range from $28 billion to $53.8 billion based on how long recovery lasts, the study said.

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History of this topic

Real estate losses from fires may top $30 billion, from old mobile homes to $23-million mansions
1 month ago

Real estate losses from fires may top $30 billion, from old mobile homes to $23-million mansions

LA Times  

Real estate losses from the Palisades and Eaton fires could top $30 billion, and government agencies that receive revenue from taxes stand to lose $61 million or more annually while homes are being rebuilt, a Times analysis shows. Los Angeles Housing Department records show that 770 rent-controlled units were destroyed in Pacific Palisades and will be lost as affordable housing …

Behind the staggering economic toll of the L.A. wildfires
1 month, 1 week ago

Behind the staggering economic toll of the L.A. wildfires

LA Times  

An aerial view of homes and businesses that were destroyed in the Eaton fire in Altadena last month. “Most disasters have an uneven effect across groups and society,” said Adam Rose, senior research fellow and director emeritus at USC’s Center for Risk and Economic Analysis of Threats and Emergencies. “You’re going to have winners and losers.” Although the fires will …

In fire-ravaged Los Angeles, a long road of rebuilding
Trending News
1 month, 2 weeks ago

In fire-ravaged Los Angeles, a long road of rebuilding

Raw Story  

by Elodie MAZEIN After the loss of more than 10,000 homes in last month's Los Angeles fires, the region faces a daunting challenge to rebuild with a tight labor market, constrained construction supplies and strict regulations. "We expect our recovery will be another 10 years probably before we're completely rebuilt," Curtis said. - Burst of activity - Experts say construction …

Los Angeles' Eaton Fire is 100% contained, Cal Fire says
1 month, 3 weeks ago

Los Angeles' Eaton Fire is 100% contained, Cal Fire says

Hindustan Times  

Jan 31 - The Eaton Fire that scorched more than 14,000 acres east of Los Angeles has been 100% contained, fire officials said on Friday, a largely symbolic milestone more than three weeks after two devastating wildfires broke out on either side of Los Angeles. Los Angeles' Eaton Fire is 100% contained, Cal Fire says The larger Palisades Fire, which …

Editorial: Fires aggravated L.A.’s housing crisis. We need to build homes much faster
1 month, 3 weeks ago

Editorial: Fires aggravated L.A.’s housing crisis. We need to build homes much faster

LA Times  

There was a housing crisis in Los Angeles County long before fire swept across the Pacific Palisades, Altadena and parts of the San Fernando Valley, turning thousands into newly homeless people. Now, it’s an even bigger, more challenging housing crisis that requires city and county officials and developers to figure out how to rebuild more fire-resistant housing in the burn …

Los Angeles rental hits $40,000 a month as fires roil housing market
2 months, 1 week ago

Los Angeles rental hits $40,000 a month as fires roil housing market

Hindustan Times  

-- Los Angeles already had a housing affordability crisis before devastating wildfires burned entire neighborhoods to the ground. “Anybody that would take advantage of that desperation is shameful,” Los Angeles Mayor Karen Bass said Tuesday, adding that she’s discussed price gouging with the district attorneys for the county and city. “Both of them are very clear that they’re going to …

Frustrations grow as L.A. fire victims demand to get back into their decimated neighborhoods
2 months, 1 week ago

Frustrations grow as L.A. fire victims demand to get back into their decimated neighborhoods

LA Times  

Some coastal homes are left in ruins by the Palisades fire on Jan. 9, while others nearby are spared. Los Angeles Mayor Karen Bass visited with fire victims at the West L.A. disaster recovery center on Wednesday, speaking with some who had lost their homes and pledging to expedite the rebuilding process. “I thought, ‘I’m going to come back in …

Column: California’s cycle of fiery destruction and reconstruction is older than you might think
2 months, 1 week ago

Column: California’s cycle of fiery destruction and reconstruction is older than you might think

LA Times  

A home being built in a section of Santa Rosa two years after it was devastated by the 2017 Tubbs fire, then California’s most destructive to date. The New York Times journalist Seth Mydans once described this tension as our region’s “central paradox.” We are, he wrote after a major 1993 wildfire, “caught between fire and flood, beauty and devastation, …

Strong Winds To Return, Threaten Los Angeles Firefight
2 months, 1 week ago

Strong Winds To Return, Threaten Los Angeles Firefight

Deccan Chronicle  

Additional water tankers and scores of firefighters arrived at the Los Angeles area on Monday ahead of fierce winds that were forecast to return and threaten the progress made so far on two massive infernos that have destroyed thousands of homes and killed at least 24 people.Planes doused homes and hillsides with bright pink fire-retardant chemicals, while crews and fire …

Los Angeles Wildfires Kill 24, Displace Thousands, Destroy 12,000 Structures
Trending News
2 months, 1 week ago

Los Angeles Wildfires Kill 24, Displace Thousands, Destroy 12,000 Structures

Deccan Chronicle  

Wildfires sweeping through the Los Angeles region have caused catastrophic destruction, claiming at least 24 lives, displacing thousands, and leveling over 12,000 structures. Lives Lost and Missing Persons The Palisades Fire along the coastal areas has resulted in eight fatalities, while the more inland Eaton Fire has claimed 16 lives, according to the LA County medical examiner’s office. Beyond landmarks …

As recovery efforts in LA move forward, powerful new winds threaten progress
2 months, 1 week ago

As recovery efforts in LA move forward, powerful new winds threaten progress

NPR  

As recovery efforts in LA move forward, powerful new winds threaten progress toggle caption Brandon Bell/Getty Images This is a developing story. Please be assured that all fire departments and all law enforcement agencies in the area will be prepared," Los Angeles County Fire Department Chief Anthony Marrone said during a press conference on Monday. "The anticipated winds combined with …

LA fires latest: High winds set to return tonight as landlords slammed for hiking prices during home shortage
Trending News
2 months, 1 week ago

LA fires latest: High winds set to return tonight as landlords slammed for hiking prices during home shortage

The Independent  

✕ Close Before and after: Piles of ash line streets in videos showing extent of devastation caused by LA fires The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would …

The L.A. County Wildfires Could Be The Costliest In U.S. History, Early Estimates Say
2 months, 1 week ago

The L.A. County Wildfires Could Be The Costliest In U.S. History, Early Estimates Say

Huff Post  

LOADING ERROR LOADING LOS ANGELES — The wildfires that erupted this week across Los Angeles County are still raging, but already are projected to be among the costliest natural disasters in U.S. history. “This will be the costliest wildfire in California modern history and also very likely the costliest wildfire in U.S. modern history, because of the fires occurring in …

Pacific Palisades' most expensive 18-bedroom mansion worth ₹10,375 crore gutted in Los Angeles wildfire: Report
2 months, 1 week ago

Pacific Palisades' most expensive 18-bedroom mansion worth ₹10,375 crore gutted in Los Angeles wildfire: Report

Hindustan Times  

The most expensive house in Pacific Palisades valued at $125 million, has been destroyed by the raging wildfires that have swept across Los Angeles, DailyMail.com reported. The columns of a mansion stand amongst the ruins of a home following the Palisades Fire in the Pacific Palisades area of Los Angeles, California, US, on Friday. California Governor Gavin Newsom sent the …

Will California homeowners relocate or rebuild? Both are costly
2 months, 1 week ago

Will California homeowners relocate or rebuild? Both are costly

CNN  

CNN — Tens of thousands of California residents will decide whether to permanently relocate or rebuild their homes after the most destructive fires in Los Angeles’ history. “The policy is generally going to cover the cost of additional living expenses while you are out of your home, to maintain what is kind of your usual standard of living,” said Karen …

Los Angeles wildfires: Rajeev Chandrashekar notes state of biggest world economy, ‘$4.8 trillion economic powerhouse…’
2 months, 2 weeks ago

Los Angeles wildfires: Rajeev Chandrashekar notes state of biggest world economy, ‘$4.8 trillion economic powerhouse…’

Live Mint  

Former Union Minister and politician Rajeev Chandrasekhar shared a picture of the devastation in Los Angeles' Pacific Palisades area, noting the destruction in a state that is part of the world's biggest economic powerhouse. “This is California - a USD 4.8 trillion economic powerhouse state, in the worlds biggest economy USA,” he wrote on social media platform X. Los Angeles …

Los Angeles Palisades wildfire eats $52 billion after reaching Hollywood, becomes one of worst US disasters | See Photos
2 months, 2 weeks ago

Los Angeles Palisades wildfire eats $52 billion after reaching Hollywood, becomes one of worst US disasters | See Photos

Live Mint  

Los Angeles Palisades wildfire eats $52 billion after reaching Hollywood, becomes one of worst US disasters | See Photos 8 Photos. Updated: 09 Jan 2025, 12:37 PM IST Share Via Los Angeles Palsidas wildfire has destroyed the houses of several Hollywood celebrities. The massive fire may incur a loss of $52 billion for theUnited States 1/8Los Angeles wildfire has emerged …

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