California fires and housing

[gills]

With the number of homes burning in the southern California fires, I had to take pause and wonder what effect there may be on their local housing market. Speculation is welcome, but data points for the effect on housing from other natural disasters would be even better.

[Alan]

I'm guessing that housing supply prices will rise and building company stocks will rise. Rents will likely skyrocket short term. How many people will leave the area and never return?

[mike2]

Temporary increase in rental demand, but it's unlikely these people will qualify for another mortgage when the equity in their primary residence literally went up in smoke.

Different natural disaster, but do you remember those 6 townhomes on Lakeview Drive just below St Marks cathedral?

Even after the foundations got washed out and they were uninhabitable, the owners were still paying the mortgage on them for years. Turns out that because of the slide the land was basically worthless as well.

[finance]

[rose-colored-coolaid]

[Lake Hills Renter]

[biliruben]

[deejayoh]

[SunTzu]

[uwp]

[mike2]