Mona Pereth wrote:
Profit-motivated arson seems an unlikely motive. The most likely result will be to drastically reduce property values.
Fire investigation of most of the worst bushfires in Australia did eventually have arson as the likely culprit. Infact kids breaking into a home just yesterday not only tried to ransack the house but burn the home down nearly causing a major fire. Apart from pyromania. anti-social elements get a kick out of having the power to throw a lit cigarette into dry grass just to see a small bonfire go wild.
But among the theories in LA include one where developers or real estate companies wanting to generate new business. I do imagine the sale of properties or clearance of land may happen, but from observing the aftermath of bushfires in Australia, insurance premiums skyrocket. the risk of not being insured for fire in an area prone to fire risk makes living there undesirable for new home owners. Having said that, one town named Marysville, hit hardest by the deadly Black Saturday bushfires in 2009, is now thriving and a popular tourist town with thousands flocking there in the summer.
LA is an international landmark. I am sure it will bounce back. the millionaire celebrities who lost homes (I believe there were many) will probably be able to recover the cost of re-building. For those who succumbed to the fires commiserations and condolences, we Australians know the ravages of fire all too well.
Yesterday, 4:03 pm
