""disaster capitalism""
""If rebuilding becomes a race for capital instead of a return home for families, then disaster has been basically repackaged as opportunity for those with the most resources,""
""It's like they're preying on us while we're still praying for hope and help.""
Redfin analyzed July–September transactions in L.A. County burn-zone ZIP codes and found a sharp rise in vacant-lot sales to investors and corporate buyers. About 40% of Pacific Palisades vacant lots went to corporate buyers, while Altadena and Malibu each saw roughly 44% of vacant-lot sales go to investors. Pacific Palisades recorded 119 lot sales and Altadena 61 in those months; neither Pacific Palisades nor Altadena had similar sales during the same months in 2024. Malibu previously had fewer investor purchases, around 21%. Buyers were labeled investors when names included LLC, Inc, Corp, or Homes. A local resident who lost family and a home warned that these trends represent "disaster capitalism" and risk prioritizing capital over community return.
Read at Kqed
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