Already estimated as over $10 billion in INSURED losses, with 75mph winds forecast for Thursday.

Drone footage of some aftermath.

Last night there were 6 major fires in LA burning well over 20000 acres of the most valuable real estate in America, including ocean front Malibu where minimum home prices are in the tens of millions.

Pacific Palacades Wiped Off The Map


These were all multi million dollar homes at the least.
Total economic losses are estimated by experts at $60 billion so far, with multiple fires still burning.

It's awful.

One of two “super scoopers” on loan from Canada is out of commission after hitting a civilian drone this morning, further hampering efforts. Fortunately the plane managed to land safely with a hole in its wing and not crash into residential LA.
It is a crime to fly a drone in an active disaster area, with a $75k fine and up to 12 months in prison.
Firefighters lost water pressure when PG&E shut off electricity to the pumps that maintain water pressure to keep the lines from sparking new fires, again hampering fire fighting efforts. They are working on getting generators attached to the pumping stations to restore pressure.
At least one new fire started in LA today, suspected of being arson.
This already looks to be the most costly natural disaster in American history, and it is still unfolding.

I hope Biden manages to deliver the aid he has promised before he leaves office. The felon will clearly try to block any aid to a blue state out of personal spite and will leave us to fend for ourselves. (If only we could do the same)

The Palisades Fire has exploded to more than 19,000 acres with 6% containment as of early Friday morning. The fast-moving Eaton Fire is at 13,000 acres and 0% contained. The Hurst Fire is at least 771 acres and 37% contained, while the newer Kenneth Fire is at 1,000 acres and is 35% contained.
Estimates are $50-$60 billion in losses with over $10 billion in homes lost so far and rising. Winds are forecast to drop slightly tomorrow but rise again significantly on Sunday.

I just had a realization….there are now 5000 households from Palisades alone that are “homeless” (except those with second houses) and sounds like another 5000 around LA.
It’s a good bet these are mostly the same people who consistently voted against low income housing in LA, definitely NIMBY. They now find themselves competing for the few available rental properties.
In the short term that’s karmic. In the long term, I wonder what it means for their homeless population and wonder if we can expect an exodus since services and opportunities are about to dry up.
Good time to be in demolition/construction in LA.

On a side note, thousands of animals are now homeless, lost, hurt, or in need of supplies in LA. If you can donate directly to a local rescue, do it. Don’t donate to national charities that spend 98% on advertising and administration costs, donate directly to rescue organizations that spend donations on animals.

Thanks for all the updates, appreciate the insight.