Ahead of the one-year anniversary of the deadly fire in the Pacific Palisades neighborhood of Los Angeles, there are conflicting reports on who’s buying up some of the burned-out lots. Redfin, a real estate brokerage company, released a report that investors are buying 40% of the lots being sold.
Pali Builds, a site tracking the rebuild of the area, said that’s just not true.
The wildfire killed 12 people and burned more than 6,000 structures. A suspect alleged to have started the fire could face the death penalty.
Redfin report
A report from Redfin claims that 48 of the 119 lots sold in the Palisades have been bought by investors. The report also said many of those who lost their homes in the fires have purchased homes elsewhere…