Pacific Palisades’ burnt homes’ lots selling like hotcakes for over $1M each to investors “from out of the area”
Posted by axolotlpeyote
Pacific Palisades’ burnt homes’ lots selling like hotcakes for over $1M each to investors “from out of the area”
Posted by axolotlpeyote
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A scorched plot of land in Pacific Palisades has found a buyer for “well over” its $1M asking price drawing over 60 bids “all from out of the area”
Less than a month after the home that once occupied was destroyed by ‘wild’fire.
The 9,932-square-foot lot was listed for $999,000.
so it begins…the Blackrocking of America.
I think there needs to be legislation that restricts corporate ownership to 49 single family homes, and five multifamily properties.. And international corporations restricts residential ownership to 5 residences of any type and no commercial, industrial, or agricultural property.
Disney formed multiple LLCs to fool people in Florida from thinking Disney was building Disney world
Oprah operated through various realtors to disguise she was buying Maui.
What about insurance? Didn’t a lot of these owners lose their insurance before the fires? What the change? Better built buildings? Can they secretly buy the land- build on it and still get paid?