Celeb Realtor Josh Altman Says Most Displaced Palisades Residents Won't Return | TMZ

[@EJH-jn6mo]

Realtors like him are absolutely loving this opportunity. Don’t get it twisted.

[@sylviamckinley266]

This is a huge advantage for him and the rest of the hustlers in the LA relator business!! My heart goes out to the people who lost their homes and won't be able to return.

[@WINTER2025CALIFORNIA]

YOU'RE ABSOLUTELY RIGHT 👍🏻

[@alfredosanchez76]

Just because you're benefitting off an opportunity, caused by a tragic unforeseen event.. doesn't mean that you're happy

[@openmind5363]

Never let a crisis go to waste...times like this, you get to see the best and worst in people

[@kirahoward23]

For real! 💯

[@emailbenjie]

And companies (most specially insurance companies)

[@matshanssen2070]

Amen!👍

[@metaphysicalinsight686]

sadly, that's true.

[@SuperDodoe]

Josh altman always has dollars signs in his eyes.

[@sting114]

Most displaced pacific palisades residents already moved into their 2nd homes. That’s why they don’t need to go back

[@karenmbbaxter]

Fair call......yes, a lot are in that situation. I do give credit to the people who are honest about it. One guy's home survived on the waterfront and he made a lot of money in Texas and he did say it was just a holiday home. His concern was for others.

[@purselmer5931]

Absolutely. I was shocked that there's no huge center opening for "displaced persons" like you see in every other natural disaster of this size. No people wearing blankets and sleeping on floors or community centers and trying to get food to them, etc. What they're going through is horrific, but let's face it, it could have been much, much worse.

[@Yah-Yah733]

@@purselmer5931What are u watching because there’s ppl in lines looking for food and housing! Everyone in those areas are not celebrities or billboards 🤷🏾‍♀️

[@logicae4096]

@@Yah-Yah733The average home in the Palisades is worth $2-3 million dollars. Can you show me the lines for food and shelter? Maybe in Altadena I can see it but even homes there are averaging $1.5+ million

[@LAFITZ10]

@@Yah-Yah733 BUT THEY ARE WEALTHY - WHEN WILL WE LEARNG GOD CONDEMNS WEALTH. i follow Jesus & SO DO I. i pray they see the BLESSING in being purged of their gluttonous wealth instead of helping the poor. they WHINE & COMPLAIN about having to step over the homeless but WON'T HELP - we reap all we sow, God Will Not Be Mocked & God IS our Poor. i'd rather help Him in the poor then receive His Wrath.

[@dhowto3005]

Condolences to the families who lost a loved one.

[@robertwalegir8677]

He is exactly right I had friends that lost their homes in the paradise fire to put it in perspective. It took two years just to clean it up and after two years and you have to remember over 50,000 dwellings were lost. Only six building permits have been issued.

[@cgschow1971]

50,000 dwellings were not lost in Paradise fire. Only 26k lived there prior.

[@robertwalegir8677]

@ in the area it was not only paradise right above Paradise Magalia and to the south Concow it is just called the paradise fire but there’s more than one town or community. I was involved and help my friends, so I have first-hand knowledge.

[@alyssa0411]

Robert it was 18,804 structures destroyed. That includes residential, commercial and “other” types of buildings. An additional 754 were damaged. The fire burned over 153k acres and displaced more than 50,000 PEOPLE, not structures. Those people came from the communities of Paradise, Concow, Pulga, Centerville, Berry Creek, Yankee Hill, Butte Creek Canyon and Magalia.

[@robertwalegir8677]

@ T G A T D

[@porkch0mp538]

You guys are so obsessed sith correcting him you don't notice the fact that the devastation was smaller than he originally said emphasises his point. ​Even 15,000 lost structures leads to a many year rebuild, more than that would take even longer@alyssa0411

[@jackbauer562]

Blackrock will own palisades

[@Matthew-vb8qb]

Could have had Caruso.

[@chs75]

@@Matthew-vb8qb 🤮

[@lilly3628]

Blackrock and Vanguard.

[@taramcdonough3599]

Everyone in the Palisades needs to fight back and put Tiny homes on wheels or RVs on their properties once cleared. Othewise Blackrock, Gov Newsom etc will build their evil "LaSmart28" sky rises 15 min apartments cities prisons on this burnt out land. Their diabiacal LAmart plan has been in the works since 2020 the only issues was all the homes/businesses in the way. Now they are no longer in the way. ASK: "Who set the fires?!" Follow the money!!!!!! WAKE UP FOLKS connect the dots since 2019 as to what is really going on in the world. If you dont know who Black rock is or LAsmart start getting educated via nations conspire, tim truth, peggy hall and more

[@taramcdonough3599]

everyone 👀 Nations Conspire vds if you dont understand what is going on in the world.

[@Cindy-mk8nh]

Pacific palisades is full of toxic ashes 😢

[@MiguelZavala-v8p]

Ur d.a.m

[@youngum78]

And the magic invisible wall has prevented the fumes and ashes from blowing across the region.

[@DogDongDotCom]

And that's not even the fire you are talking about

[@AnonymousGameWarden]

You think??

[@UncompromisedOne]

@@Cindy-mk8nh yeah before the fire it was definitely toxic

[@kevinx9225]

A lot of older people in Palisades can't wait or afford to return.

[@brittanyb5942]

Yes I feel bad for them

[@chevy4x466]

If ur 75, just cash out and move out of cali.

[@alonsonavarro3959]

@@chevy4x466makes sense financially. Pay lower most other places

[@sjg5994]

Will it be worth the same value as before anyway?

[@richardthelionheart5594]

@@alonsonavarro3959 Cut bait and .... run ?

[@agl5132]

The greedy developers and sellers will now jack the prices up even more just like the rentals already are because they know people are desperate. The couple that built the fireproof home will have many seeking their expertise now. Even those homes that survived, you're looking around each day at rubble and must feel like you're living in the midst of a dump. Not to mention the toxic fumes from the ash etc.

[@User-54631]

A seller won’t have to jack up the price, the buyers will do that.

[@creilly907]

When you don't understand basic Econ 101. Be mad at the govt incompetence and the people who voted it in, who are accountable for how bad this got.

[@volcrazy89]

Josh Altman himself has the house he and Matt bought for their parents for rent at an insanely inflated price. It's on Waynecrest Dr in Beverly Hills.

[@agl5132]

@volcrazy89 They act like it's sad and at the same time mentally calculating their commission checks.

[@fredtolliver4798]

@@agl5132 There's no damn sadness for Pacific Palisades....these are not broke individuals...give me a f------- break.....you know damn well they have plenty of money.....now the Altadena residents is another story and universe altogether....those commenting who aren't in California don't know what the f they're talking about

[@allentonelli8395]

I feel so bad for the families who lost everything and have no resources to really recover and will have limited options.

[@AnonymousGameWarden]

I bet you feel so bad that your willing to do absolutely nothing about it in real life lmao

[@allentonelli8395]

@ I’m in Massachusetts but my brother lives there and I’m helping him as much as I can , but I’m not sure how much more I could do for the others .

[@allentonelli8395]

@@AnonymousGameWarden not for nothing what are you planning to do ….

[@AnonymousGameWarden]

@@allentonelli8395 I never claimed I cared or did anything. But not for nothing, I've already open my home to temporarily foster large dogs that are trying to get back to their owners or need to be rehomed. Fostering one dog is a handful. Now imagine 8.

[@idontknow7738]

The so-called president, who is on his way out, said they will give each family that was impacted by the fires $770 each. KH said they were doing the same with North Carolina, who were victims of Hurricane Helene. SMMFH, WTF? 🤔😫🤔 Are the people being "pranked?" 🤪 Damn shame! It's all by design. The rabbit hole is deep! 👀🐇👀

[@coolcatfunhouse]

The under insured are going to be hit hard here. This is so bad, and our prayers are with these people.

[@OrioleBeagle]

A lot of these people will have to sell or declare bankruptcy. You can't make mortgage payments if you are paying for a price gouging rental at the same time.

[@grungestoryteller]

Yup. They were all ill prepared.

[@Tina-mt9cl]

Any who's home wasn't already paid off will have to claim bankruptcy. The other's can just sell their property for a down-payment on another home and restart so long as they are still working and have a retirement fund to dip into and lower their standard of living and move a few hours away where they can afford to buy.

[@stevenstranger5688]

The sale of their lot probably won’t cover the mortgage principal, so there will be a balance to be paid.

[@maxinef6654]

From my understanding the value was in the land not the structure.

[@webstercat]

There is competition for rentals.

[@richmondpd]

4 to 5 years?! It will be at least a decade before the Palisades is even close to being restored to what it was and that's if LA does't completely fuck it up. With LA's track record, it will be a shit show.

[@alexhein6386]

Yeah 5 to 10 years

[@seanm3226]

My brother’s oceanside house in La Jolla (San Diego) took 5 years to permit.

[@weirdshibainu]

I'm taking odds that the CCC won't allow new building between the PCH and the Pacific.

[@WestCoastAce27]

Exactly. Democrats will slow roll things to force people to sell their lots on the cheap. Their political cronies will gobble up the spots.

[@seanm3226]

⁠@@weirdshibainu Perhaps. They’ll likely eminent domain the land from the owners. It’s going to be a legal mess.

[@juliew6229]

I'm glad that you interviewed Josh Altman because I've been wondering what his (and other realtors) opinions were regarding the situation

[@Leelee-op7vj]

Yeah, he's an honest, right on opinion and prediction.

[@corneliusvanstrien1863]

California Pacific Palisades fires property update This is mind blowing: Experts say it'll take between 20-40 years to rebuild Los Angeles - It's because of their regulations. In LA you need not only a building permit, but a - Grading permit - Foundation permit - Electrical permit - Plumbing permit - Mechanical permit - A demolition permit - An encroachment permit - The fire department needs to give you a permit - If you have a septic tank, you need a permit for that - You need a water and sewer connection permit - You have to have an energy compliance permit - An environmental permit - Zoning permits - Of course, if you remove any trees, you're gonna need a tree removal permit - If you put solar panels, you need a solar panel permit - You need any kind of specialty permits for swimming pools or retaining walls and of course, you're gonna need your certificate of occupancy” 🇺🇸

[@1Skorpia]

Hes right. Look at lahaina. It takes FOREVER to get approval to rebuild.

[@grungestoryteller]

Well the governor said he will expedite it, but honestly after that one house cracked in half and slid down the hill, anyone who builds there will and should need engineers from the army to completely redesign that entire neighborhood. They need a big park in the middle with a reservoir and a fire station.

[@woodystube1000]

No one on the ocean side of PCH will get permits to rebuild. It’s a liberal environmentalist dream to have all those houses gone forever.

[@rainbowsunshinekitty3953]

​@@woodystube1000Let them rebuild there. The house will be under water in 10-15 years.

[@megank3412]

I’m sure the red tape to rebuild will be ridiculous… on purpose…

[@rainbowsunshinekitty3953]

@megank3412 there's a fine line between on purpose and safety.

[@RoseRussel-b3r]

realtigence AI fixes this. Most displaced won't return: Altman

[@KevinKim-x4m]

anyone else seeing those empty retail spaces behind him?

[@kaveh1836]

Commercial real estate isn’t doing well in La

[@KevinKim-x4m]

@@kaveh1836 dang, and thats book matched marble or granite or whatever, it was installed with some effort.

[@chevy4x466]

With Hollywood movies, network television and the music industry being less profitable, LA gunna be the next Detroit

[@AnonymousGameWarden]

@@a-love-supremist lmao this country should be renamed the united states of China with how many trillions it owes

[@forgotmyname4971]

Yup

[@bsilver2901]

Palisades is all American town?! I must live on Mars.

[@eddieg6436]

He was right!! Beverly Hills is flashy. Brentwood is older, less flashy. Pacific Palisades younger FAMILIES!!!

[@LucilleBluth420]

They are delusional. 😂

[@volcrazy89]

@@eddieg6436 PP isn't younger families. If anything PP is older than Brentwood because it's more expensive. Plus Brentwood is known for the better schools. Unless you're born into wealth, the vast majority of young families in LA don't live on the west side at all because it's way too expensive.

[@eddieg6436]

@ I used to grab a coffee at Erawhon on Sunset Blvd and sit for hours watching HUNDREDS of kids and teenagers walk the sidewalks getting smoothies, carrying their athletic gear after their school sports, and school activities. Many, MANY families walking the village……day after day, month after month, year after year.

[@hosackies]

wow I got more info out from this 3 min off the street impromptu interview, than 2 weeks of nonstop news cycle.

[@NG-ki5eo]

just thinking the exact same thing

[@hectormartinez9657]

I remember after the Northridge earthquake, homeowners couldn’t get out of Northridge fast enough. Today 1/17/25 is the 31st anniversary of the earthquake. Those houses on average sell for 8 hundred thousand to a million dollars.

[@BrettCaruso]

Cali holds the record for most one-way uhaul rentals!

[@a.e.7988]

Can see why, just stay out of NV. We always inherit their problems.

[@MK-zz5qe]

Thats just a recent study. Wasnt like that 5-10yrs ago

[@RADNROCK]

To joe mommas house

[@notsure1968]

Wrong, there's nothing left to haul.

[@BettyBlack99]

@@a.e.7988yeah right, u act like the ones leaving didn’t come from other states in the first place. CA is the most incredible state- we’ve just had some terrible leaders that have completely ruined so much. They’d rather have a state full of poor uneducated, unskilled illegal immigrants they can control & pay nothing to then big beautiful homes with successful American citizens. There is a reason they r killin Hollywood & smashing in crappy “affordable housing” units on top of already over crowded communities. You can’t have this many homeless & illegal immigrants in one state without being a complete failure of a Govt or deliberately doing it.. all while practically making crime legal & running out small businesses. But we’ll keep fighting cuz it’s worth it.

[@Neverlandmentetabuse-ry3un]

the land is now often saturated with various chemicals, no more greenery, absolutely no charm before 15 to 30 years, almost no more trees, but above all a huge traffic of vehicles to ensure the reconstructions, noise caused by construction machinery. construction site workers' cars, cranes mounted on materials, jackhammers and other electro-pneumatic drills, chainsaws and circular saws, nail guns tires it will be a noise which will resound constantly for several years, also presence of thieves looking for tools and materials! the place will remain an area to be avoided for a long time and future homes will be far from being worth what those in were worth before, the adjacent areas still in good condition will also depreciate because the neighborhood will have lost all its charm but also by the intense traffic which will have to cross these unburned areas to access these thousands of construction sites!

[@daveclark8337]

Which is why they should just let developers come in and buy up the lots en mass because that's the only way it's going to make any sense realistically and financially.

[@243wayne1]

+Neverland- Sounds like YOU need to move to Canada.

[@Neverlandmentetabuse-ry3un]

@@243wayne1no, I love my country too much....France, and being far from this stupid donkey Trump allows me to realize how much America distresses me! (en francais )non,j'aime trop mon pays ....la France ,et être loin de cet âne crétinus de Trump me permet de me rendre compte à quel point l'Amerique m'afflige !

[@AndreaAmmons]

California will be fine! You still have vineyards & other valuable resources! It's heart breaking but this too shall pass! Looking forward to all the SoCal rain coming! 💯🙏🏽

[@sportimpactfoundation6506]

The idea of "rebuilding" is not really realistic. If ONE house burnt down or a couple houses did, it could be rebuilt in the next few years. But, the number of houses to replace and the resources needed to do that is so much that most people need to be realistic and understand that. Time isn't waiting and kids grow up quickly. I think it is really realistic for people to not expect that they will be returning for the next decade-- and be pleasantly surprised if it moves along quicker than that. Prayers to all. The grief will be a lifetime.

[@seanm3226]

I’m a Florida GC. I thought after Hurricane Andrew (1992) that the decimated area of Miami would take 10 years to rebuild. I was wrong. After 5 years, it was like the storm never happened. But the LA situation is different for a host of reasons. It can be rebuilt, but I don’t think the desire and fortitude is there.

[@sportimpactfoundation6506]

@@seanm3226 That may be true. I think the Palisades will never be the 'same' type of landscape. I think that area is going to be taken up by developers who will capitalize on urban sprawl. The other fires are more likely to reconstruct to something like it was. BUT, with this fire the damage is different from hurricane damage. It's a more complete devastation-- fire is a different creature.

[@sportimpactfoundation6506]

@@seanm3226 Also-- to be considered is the amount of public resources that are already needed for the hurricane damaged areas this year. Mother nature has been angry this year.

[@seanm3226]

⁠​⁠@@sportimpactfoundation6506 I tend to agree. Most hurricanes leave remnants of what was a neighborhood. That’s not the case here. If one of these Palisades homeowners were to be immediately compensated for full replacement cost, I still see them hesitating to rebuild. As far as “taken up by developers” goes, not so easy. These hundreds (at least) of properties are all individually owned. Without some type of government eminent domain seizure, there’s no way ALL the individuals come to an agreement on a sale. Especially on some of the world’s most expensive real estate. Slow to rebuild, and slow to sell.

[@iamBDott]

Come to Compton. We welcome you with open arms! 😂

[@ChutNguyen-c4i]

What part of Compton? I do thk Compton has nicer area and mostly, peaceful.

[@KeyshowJi]

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🤣🤣🤣💪🏻🔥🔥‼️‼️💪🏻

[@LosAngelesJedi]

Oy vey?

[@CaliSayna]

You ready for changes? They’re gonna happen wether you ready or not just be prepared! La is going to flourish and if you own in LA you going to make bank now don’t let anyone buy your property and see what’s going to happen around you

[@CaliSayna]

You ready for changes? They’re gonna happen wether you ready or not just be prepared! La is going to flourish and if you own in LA you going to make bank now don’t let anyone buy your property and see what’s going to happen around you

[@harryyarrow4110]

The Palisades was a dream neighborhood. It's so sad,for everyone, especially the kids.💙💜💙

[@andrewebb3283]

But God still burned it down so maybe their not as good as folks think

[@janie3117]

@@andrewebb3283liar. God did not do that.

[@andrewebb3283]

@@janie3117 whatever you say.

[@digitalbobby42]

Imagine you live in a $5-10M home in Socal and its NOT insured...INSANE RISK.

[@vigilantdisciple5569]

Most if not all of them paid cash. Easy come, easy go.

[@AndreaAmmons]

We owned mortgage companies! I would never own a home w/ out insurance never!! Smh

[@patriciagurwitz509]

How sad that in the middle of a human crisis… Greed immediately appears😢

[@sharonhatfield8315]

Josh Altman is from new York. He's a good person. Been watching him on TV for a while. God bless all 🙏

[@AndreaAmmons]

He built his real estate reputation & empire in SoCal!

[@volcrazy89]

He is from Boston, not New York

[@JohnnySin-cp7fz]

Topanga fire victims - Moved to Malibu thinking there won't be fire there. Wrong. Malibu fire victims - Moved to Palisades thinking there won't be fire there. Wrong. Palisade fire victim - Moving to Bel Air/Brentwood/BHPO hillside strongly believing there won't be fire. Will be wrong again. Even the Bible says build your home on flat land and on the rock. They will never learn.

[@sheilaemadian]

Palisades burned in 1978, 1993, 2025… and it will again. It’s a dangerous corridor to Santa Ana winds and has brush mountainous landscape. Laguna beach also a bad place to live.. surprised it hasn’t been wiped out yet, but I almost has too. Bel air burned in 1961. People should move to Huntington Beach. It hasn’t burned because it’s in the flatlands. I am surrounded by wetlands. Think again about Laguna hills or San Clemente and places like that also or even Irvine. Those will burn. There was a high fast moving uphill fire in Laguna Niguel a few years ago that took out dozens of 5-8 million dollar homes. Make sure you are safe from tsunami and fire so you can make an investment your kids will get to see.

[@JohnnySin-cp7fz]

@@sheilaemadian You failed history. Recent, I might add. Palisades burned 2021, 2023. 2025 is the WORST.

[@paperroses7615]

They should check out Palm Springs CA 🌴♨️🌊 Less to burn Flat land mostly

[@thenotoriousgryyn342]

We here in Las Vegas, have seen an influx of former LA Residents, its affecting the housing and rental market right now.

[@thee_morpheus]

Same for AZ, California Fs up everything

[@AndreaAmmons]

​@@thee_morpheus The realtors, developers want that money! It's never personal!

[@CoolcalmCollected-du5tc]

As someone born and raised in CA who lives in LA, I agree. The people here lack the self-awareness to understand they voted for these conditions. They will stubbornly argue their point and never realize that it’s their voting that created these problems. Then, they’ll move to another city/state and vote/fight for the same policies that led them to move in the first place.

[@chrismcpherson1586]

My brother lost his $1.8 million home. He is not rebuilding in California. My brother Neil and his family are safe and here at our home in Pennsylvania. My wife & i have a beautiful 3 bedroom loft apartment above a 4 car garage. They have moved in to. It was built as a guest home. Notmany families are as fortunate.

[@ironmiketodd]

Good luck coming here to Newport Beach, a home 2 doors down just sold for 5.4 million at 3300 square feet and the lot was only about 7500 square feet…. There isn’t much inventory and the prices are on the moon PRE fires…

[@sheilaemadian]

For Palisades people that’s considered a modest price.

[@bradbutcher3984]

The lady in charge of keeping the empty hydrants full and running gets paid 750k a year. Just remember that.

[@mikerogers1949]

Yeah and I heard her interview she not the most sophisticated person I have seen

[@David-ob8bg]

Yup she was getting paid to keep them reservoirs empty. That’s why her salary was so high to take the fall she was well compensated

[@mikekorhonen]

AND WE JUST ELECTED AN ORANGE MORON FOR PRESIDENT!! REMEMBER THAT>>>> ;)

[@seventhfirestephanie8740]

Newport Beach? Do they not understand that the OC burns too? Any town in and near the mountains and hillsides in CA for that matter.

[@sheilaemadian]

They should just come to Huntington Beach flatlands then and surround themselves by the wetlands. hope They think twice of Laguna Beach, that town is next to burn again.

[@johncostello2948]

Main point I got from this is most people in the Palisades were living in multi million houses but didnt have the net worth to self insure if things burned up. So many people in LA just keeping up appearances to look rich when they are not. They could probably sell a burned up lot in the Palisades for 500K and move to a nice town in the midwest, though.

[@67FORDTRUCKF250]

Please no, we dont need our states f'd up with their liberal woke political views.

[@captt786]

Even burned up its super prime real estate. Way more an 500K.

[@sheilaemadian]

Our unburned land there was worth 3.5M, not sure what it’s worth burned and with the whole neighborhood burned but it had a panoramic ocean view on a big lot.

[@sheilaemadian]

Tiny plots in the village may be that price in their burned condition, but Oceanview Lots on huge acreage will be in the multi million range just for the land, probably even burned. I don’t know if those prices will change now since this fire. It will be interesting to see!

[@johncostello2948]

@@sheilaemadian You made my point beautifully. Land-rich Palisades owners can still restart their lives by selling their burned up lots.

[@mph5896]

Prop 13 locked in taxes for alot of these residential properties. Once these people move to another area, they are paying a reset property tax rate.

[@melissak8892]

That's the saddest part

[@spending2much]

and most are to stupid to realize that

[@ryanwalters6184]

That's not true unless they increase the value

[@billlong8385]

If your home is under Prop 13, it can be rebuilt exactly as it was (to 120% of value) and still remain under Prop 13.

[@luperamos7307]

Exactly right. Many have been holding these homes for generations and paid nothing in property tax. Yet they expect the best service. These things need to be funded. And especially in these rich areas they pay property tax rates on the home values from many many decades ago. You pay more for a townhouse you purchase nowadays.

[@renxomedia2427]

That entire area will never be rebuilt in our lifetime

[@fififirestone3787]

I predict overseas developers will puchase a lot of the land and build ugly houses and condos on it.

[@janetkriegl6720]

Have known the Palisades area well over 55 years. My place of worship since childhood - the Lake Shrine - is there and miraculously survived the devastating fire, unscathed. I can firmly state that the Pacific Palisades environs, being so greatly coveted over several decades, has been built up to excess. If future re-development results in being substantially scaled back, it may prove to be for the greater good all around.

[@henryhall975]

The entire infrastructure is gonzo

[@MeMeVoyageOf]

​@@janetkriegl6720 God bless 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏! This news about Lake Shrine is EXACTLY what I wanted to hear!! I'm crying 😭 tears of joy!! P.s. You're right it was overdeveloped. I'm still sorry for their losses!!

[@kagnewcobra5228]

@@janetkriegl6720 Spoken like a true Californian. Good grief!

[@lindamorton2066]

If the fires are part of “life” in this area I too would not want to go back either, no matter how much I loved this place.

[@peterdement]

See the future: look at Lahaina, Hawaii today to see how long rebuilding will take.

[@No6o9y-mom]

He should go on the PBD podcast. They just spoke about this yesterday. It's heartbreaking to see what's happened to CA

[@onetwo12onetwo526]

Pbd is circling the drain

[@No6o9y-mom]

@onetwo12onetwo526 agree to disagree

[@AllMagasGoToGitmo]

PBD is a MLM scammer and only morons think he’s intelligent or has anything interesting to say

[@Z3nHolEminD]

@@No6o9y-momplaying “ bobblehead “makes one a fixture on the dashboard

[@varrick1226]

No it's not heartbreaking when they elected reps who don't have their interests at heart.

[@mrdude5101]

Why would you want to rebuild in a place known for droughts and fires ?

[@sbar3546]

That would be the entire western US?😮

[@spending2much]

they were dumb enough to live there to start with ...

[@bigo3093]

Thought the same thing

[@MH-et5sn]

It's Cali broooo

[@omidfilms]

Ocean views

[@ronaldsunga2759]

Why rebuild in the same place that could burn again in the future? Our climate is getting worse and once the bushes in those mountain grows again there is a potential for a repeat of this disaster.

[@sheilaemadian]

Exactly! People forget about 1978 and 1993 in the Palisades. Every couple decades the town gets wiped out.

[@SonnyBurnett-sc6ed]

Great interview! Great questions!

[@whatevergoesforme5129]

Well, think of North Carolina. The rich will be fine but those in not so rich neighborhoods will struggle.

[@iLLSHiNEz]

He is so happy

[@CC-kl4nh]

He is like oooh I can get their dirt for cheap.

[@sueDcdn3]

Right! Well said!

[@timkinley1779]

You thought real estate agents and developers don't work for money? Adapt and move on. Everyone doesn't work for the government or live off of handouts.

[@TGWazoo1]

“Dirt cheap”? LoL dream on!

[@stefan2796]

These (building) plots will still be worth a lot of money. And building a new home will be expensive.

[@jeffflewelling1703]

Why would you rebuild your dream home there when there is a good chance that another fire could happen in the future, not to mention that you won’t be able to get fire insurance? The only thing that makes sense is for a large company to buy up the land and rebuild only bland looking fire resistant homes constructed of mostly concrete and have them as rentals.

[@vaderthekittenchannel1979]

It’s an opportunity for a NEW beginning for many. 🙏

[@juniormint3136]

It was kinda like that in 1994 after Northridge earthquake, alot of people left the state.

[@henryhall975]

This was no accident… Hawaii, NC, Louisiana (massacre) , drones, Diddy, and now this? Something wicked this way comes…

[@karenmbbaxter]

what does drones and P.Diddy have to do with fires? answer......nothing.

[@anjevity4]

East TN and NC

[@ID_iKONIC_VIP]

Yeah I'm scared to live.... What else is coming in the years ahead... What to look forward to...... Scared of the earthquake hitting California soon too.

[@VoteForBukele]

8 billion people is too many when the VAST majority of said people are functionally useless and demand food, housing, water and marvel movies. Stop blaming drones and Puffy and blame your parents for making low quality redundancy.

[@angelamartin901]

I get it. You are bold to speak the truth. I live in NC and I am from there..yes, Jesus, come quickly.

[@LMays-cu2hp]

Thank you for sharing your observations there in Los Angeles.

[@raylear-z7b]

Soo very sad for these families who lost everything !!!! Personally, I wouldn't go back , to much bad karma.

[@barbarauridge1575]

There will be no services for years

[@daintystar1]

It’s just so sad because there are so many people who aren’t wealthy that can afford to rebuild. And big corporate money will probably come and take advantage of that.

[@nellies-treasure-trove]

Selling the land for pennies on the dollar is smarter than paying a mortgage for 5 years and paying additional out-of-pocket for being under insured.

[@SalveRegina8]

Just like “they” planned.

[@nangee2990]

Yep. This was totally preventable. Even the insurance companies knew it was coming. The governor and the mayor of LA are negligent.

[@waderivers99]

Thanks Gavin.

[@christianking8668]

Here's a tip to all the California people looking for a new home. If you leave California behind leave California in behind.

[@happycamper7815]

Don’t bring your crazy politics to Red states

[@guitarsrcool4922]

Yeah right. Lol

[@sheilaemadian]

California is THE BEHIND 🤣

[@stevencain8936]

Listen to the 4 other cities he just named. 1. Brentwood 2. Santa Monica 3. Bel Air 4. Bev Hills All 4 of those cities are full of wealth and million dollar properties. If 50% of the fire victims can now afford to move to those 4 cities after the fire...that means they had the financial stability from before the fire to now be able to move to those 4 cities. The other 50% are just going to move out of state completely. Let's stop worrying about these people, they'll be fine.

[@sheilaemadian]

Yep, those cities will be the new Pacific Palisades lol or they will ditch LA and go up to Agoura, Calabasas, Westlake, Thousand Oaks, etc I think. Westwood is also on their radar.

[@volcrazy89]

Brentwood and Bel Air aren’t cities. They are neighborhoods that are part of LA, just as Pacific Palisades. Santa Monica and Beverly Hills are their own cities, though, as is Malibu

[@SueUTube]

BS. He just wants to sell their empty lots to speculators.

[@muddywater6856]

He won't make money if they build back....he wants everything to change hands for commission.

[@Aggie4life77]

This is pretty much what I thought would happen. As for the Palisades, I’m thinking 5-10 years before it gets back to what it was, not 4-5.

[@Bread996]

People will forget, and it will happen again. Look up the 1959 film "design for disaster" in which they predicted the Bel Air fire which destroyed 484 homes.

[@dleon0902]

When you move in a high fire or flood risk area, you need to vote for people who will ensure your safety.

[@deborahgalvan5367]

You need insurance.

[@MichaelWaisJr]

@@deborahgalvan5367You need insurance that doesn’t f*** you.

[@dleon0902]

@@deborahgalvan5367 Insurance companies watch cities and observe their policies. LA stopped prescribed burning last year. They cut the FD budget. They also watch the weather. Then, they account for the risk. Thousands lost the fire insurance last year.

[@sueDcdn3]

NO, You need to build your home differently! Tbh only way moving forward to build fire resistant materials and adhere to planting vegetation a few ft away from home.

[@MichaelWaisJr]

@ I want my home to look like a bong or a spaceship!! 😁🙌🤘

[@Tina-mt9cl]

Nice now they can build their new trial version of "smart city". Which will expand to the whole region afterwards...

[@50pinkies67]

That was exactly my thoughts yesterday. My next question, is there still untapped oil under Las Angeles? 🤔

[@karadizon4299]

I have a feeling majority of the residents from Pacific Palisades will be relocating to Las Vegas too.

[@kennixox262]

Good as I live in a very upscale neighborhood in the Summerlin master plan in Las Vegas and would be happy to see the home prices go up even more. Saying that, I think that as he said, Newport Beach and surrounding Orange County will be a desirable place but they too have fire danger; Scottsdale would be a good spot outside California as well. The likely scenario will be that people will sell, developers will come in and rebuild which will be a long term process. Few people want to live in a house with constant construction nearby.

[@SirenaChicago]

From paradise on earth to hell on earth? I don’t believe many from the palisades would downgrade their lifestyle as to move to Vegas.

[@coolcatfunhouse]

Hope that doesn't happen. It's now too crowded here, and that will only make our prices go up more.

[@Indianabonesphones]

lol you’re crazy. These people have money. Vegas is for peasants

[@Openminded4life]

I highly doubt it. They'll stay and go to suburbs of LA.

[@josephdunbar2105]

He said the majority were drastically underinsured……Im assuming the reason they’re underinsured is because the per square foot sell prices in that area exceeded 2000 per square foot.

[@volcrazy89]

Josh Altman just listed his own price gouged rental on Waynecrest to take advantage of the situation. Shame on him!

[@alohastateofmind3565]

But fronting like he's sympathetic.

[@MH-et5sn]

​@@alohastateofmind3565he's clearly a slimy individual

[@luminacosmosa2324]

It's just business.

[@Jen-ur4ut]

@@luminacosmosa2324No, it isn’t.

[@volcrazy89]

@@luminacosmosa2324 Josh Altman is a slime ball.

[@KL-sw5xi]

Many residents will probably take the insurance payout (if applicable) and sell their lot, then rebuild outside of State of California where cost of living is affordable.

[@sixone2256]

if you owned a 25 million dollar home, your not worried about saving money in some cheesy state lol

[@KaleysmoothieSmoothie]

@@sixone2256nothing is more cheesy than LA.

[@brittanyb5942]

I don’t blame them

[@michellecostict8387]

Riverside, Temecula, places like this will be getting some of that influx.

[@sh0cktim3]

​@@sixone225625 million? That's a very very small percentage of the homes. Most people there are old and purchased ages ago. The homes are only worth 3-4 million just because of the location. And they're screwed because they probably didn't have fire insurance.

[@Crypto_Circus]

More like 10 years it might come back, in 5 years maybe some homes finally get built.

[@karenmbbaxter]

Building experts say if it is a stock standard type simple home it can be within 2 years but some of those homes were mansions with special buttons for everything and it will take much longer.

[@mikerogers1949]

Yeah and who wants to live in that construction zone for ten years….

[@EbNorth]

It's funny. How many of those ppl were laughing at Gaza ​@@mikerogers1949

[@wayne-d8g]

5 years to rebuild more like 20years!! Hawaii has built 1 house in 2+years!!!

[@dustinbennie1813]

and sadly... that was exactly the plan... Blackrock and developers are already swooping in.

[@josephdunbar2105]

Pacific palisades tax base is gone. How the hell will LA pay the bloated salaries to the insane amount of government employees? I wouldn’t buy bonds in California. Never

[@billlong8385]

The county will reduce property tav valuation based on loss of structures. But, not on the lot. So, people will still owe taxes on their million dollar, ocean view lot. But if the area is deemed uninhabitable, that opens a whole new can of worms.

[@terry2588]

Luv Josh 🙏🏽 for L.A. from New Orleans

[@paulatrujillo1461]

I wouldn't want to return. What if it burned again!? Live in a safer environment. God help them, and all of us.

[@Dog.soldier1950]

Only one third came back to Paradise, CA after the fire

[@edbenelli5374]

Bakersfield! Fresno! The next Big Thing!

[@marcoargueta7990]

This a great interview great oversight. That’s how you answer questions he should give a class to politicians on how to answer questions.

[@WaterfallFW]

It shouldn’t be so hard to live there. Prices, fires, constraints. Horrible.

[@pjeverly]

Some people bought their house a long time ago when it was relatively cheap and possible affordable for the middle class. They then grew old there. Their house is their life savings. Are they rich? Of course not. Just fortunate. No one begrudges them. Those people will now be gone. It will now be just the rich people in the Palisades. Those that can afford to build to the new building regulations, will put up with all the permitting and nonsense the city has always been great at. And now home insurance will only be affordable in these neighborhoods to the very wealthy people who can afford it. What was left of the middle class there is gone forever. The same for Alta Dena and the other neighborhoods affected. Even if people rebuild the state will give them a step up in basis on property tax value. They will now be taxed at market as if they bought the house yesterday instead of 40 years ago.

[@brittanyb5942]

I don’t blame them 🤷🏾‍♀️ I wouldn’t move back either.

[@JohnnyCotton47]

What an intelligent guy. Had a LOT of insightful things 2 say! 👏👏👏

[@seventhfirestephanie8740]

Nobody is talking about healing the land. "Rebuild. Rebuild. Rebuild" is all we hear. It's all about greed. Mother Earth is pissed.

[@5877user]

Thank you for an honest and informative video. Once in a while TMX does an honest report. Josh Altman was brutally honest, but that makes him more credible as a realtor. This is what is really happening, not all those interviews where the people keep saying they’re going to rebuild, blah blah blah. Thank you, Josh and TMZ.

[@hawkmans5505]

If Josh says it, he knows. He is right.

[@stefan2796]

Good video, i was already wondering how these celebs from Million Dollar Listing view the situation. Thx for uploading!

[@hansel2001]

A lot of these people had their insurance policies set 40 years ago when the value of the homes was half what it is now. So today they’re insured for $2M when the value pre-fire was $4M and now it will cost $6M to re-build to the level of home they had pre-fire. People in Northern California learned this painful lesson in 2017, then 2018, then 2019 with 3 straight years of wildfires.

[@ryanwalters6184]

Just spend less money. A house does not cost $6 million. 😂😂😂😂 People are so out of touch

[@dawncampbell4872]

All State Insurance canceled all fire insurance policies 3 mo.before these fires ?? 🔥 Who tipped them off ? Who planned and executed these fires 🔥? Why did PRESIDENT Biden send the LA Mayor away to Ghana 2 days before ?

[@243wayne1]

+hansel2001- Wrong. Properties are assessed yearly by the city to keep pace with current market conditions, taxes and inflation. If these people were insured at all, they will be insured for house and contents. The key is IF the homeowner chooses to rebuild, they need to be paid for current replacement value not ACV. Just as one would with a classic car.

[@hansel2001]

@ In the aftermath of the 2017 wildfires in Sonoma County, a significant number of homeowners discovered they were underinsured. A survey conducted six months after the fires revealed that approximately 66% of respondents were underinsured on the dwelling portion of their claim by an average of $317,000

[@243wayne1]

@ That's on them.

[@charlesdowell4505]

In LA county it will hard to even get a building permit except for celebrities

[@chrisschulze8081]

Had a similar situation here in Florida this past Hurricane season…selling for land value….

[@moreadventure3627]

And they are taking advantage by raising housing pricing. So messed up

[@luvnerd50]

Yup, same issue we had in wine country…Tubbs fire, 2017. We don’t have wealthy celebs but the fire took out the nicest homes in Sonoma County…multi million homes that belonged to doctors, wealthy business owners, etc.

[@lindat6910]

All American town? What is he smoking? Just like you see in the movie? These people are so out of touch with the rest of Americans.

[@shayshaymann113]

FR FR!! I was thinking the same exact thing, like, do they even hear themselves? It’s freakin’ WILD how greedy and narcissistic they are 🤦‍♀️

[@eddieg6436]

Josh is ABSOLUTELY CORRECT!!! Compared to Brentwood, Beverly Hills, and Bel-Air IT IS ALL AMERICAN!! …….you obviously don’t understand L.A. !! 🤷🏼‍♂️

[@lindat6910]

@@eddieg6436 Oh we understand perfectly! So many are without homes in NC because of the flooding and everyone has forgotten them. And yes, loosing your home is devastating no matter how big or how small. These folks there will now come to the realization that the entire country is hurting! My heart goes out to all affected by this.

[@eddieg6436]

@ There are almost 50 MILLION people in California who pay huge TAXES. Just like Florida, New York, Illinois, and Texas, CALIFORNIA is a “Parent” of the U.S.’s smaller inhabited states (Montana BARELY has a million people!!). …….in a nutshell, Californians (and those few other mentioned large population states) PAY FOR EVERYTHING.

[@shayshaymann113]

@@eddieg6436 it depends on what you consider “All American” too 🤷‍♀️. My definition of All American is quite different than yours, I know that. I certainly don’t understand L.A., and truthfully, I’m glad I don’t. It’s not a place I consider worthy of understanding as far as the people and culturally speaking. Now, if you’re talking about the natural beauty of the city and the wildlife animals, that’s different, but L.A. is not a good representation of America in my opinion.

[@tommydong8070]

I drove through highway 1 back in early august last year and it was gridlock. I wouldn’t want to deal with that traffics every weekends either.

[@ernestrodriguez1465]

I feel for the people who are moving but please don't cone to Arizona

[@LucilleBluth420]

We don't want them in Oregon either.

[@princehamilton8606]

Or North Carolina

[@Sereous313]

Or Idaho

[@RosaneSoares-w3g]

Or Florida

[@ShanaraHarris-n7n]

😅

[@patricktully1874]

One of the biggest reasons they won't come back is this area is now a toxic stew of hazardous materials that is saturated into the ground snd the red tape involved in rebuilding

[@MacRealty1]

Red Tape is so subjective, should you allow someone to build a house above another house on unstable dirt?

[@Shay-yg7nm]

I love Altman. He's such a great businessman.

[@bizzz.R]

Be weary of these snake oil salesmen.

[@chrisryan7243]

Contractors are going to gouge the fruck out of people now. A $1MM house to build is going to be $3MM now. No one went back to Fountain Grove in Santa Rosa after the 2017 fires. No one went back to Paradise after that fire in 2018. Too many bad memories. There are no trees. No neighbors. No stores. Nothing.

[@unkorichie2029]

The Palasades is most definetly not the "All American Town"

[@MH-et5sn]

😂

[@whathandleUtalkabt]

No kidding

[@omidfilms]

It’s the all American dream town… was…