Wall Street Journalのインスタグラム(wsj) - 8月2日 20時01分
Whenever a hurricane, wildfire or tornado destroys homes, disaster investors arrive looking to profit.
Natural disasters offer a rare chance for a certain type of risk-taker to buy properties on the cheap and flip them for a profit, often after fixing them up. These real-estate speculators can face hostile locals, a shortage of contractors and materials, and volatile property prices.
In Santa Rosa, Calif., Gregory Owen has spent the last year buying properties ravaged by the 2017 wildfires. The lots cost him an average of $250,000, and he intends to spend another $700,000 or so building each house. He hopes to turn a profit of about $50,000 on each one.
Owen also plans to buy lots in Paradise, Ca., which was devastated by a wildfire last November.
Read more at the link in our bio. 📷: @rachelbujalski for @wsjphotos
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itsmelpete
@billgainous definitely, but that’s not always the best solution and how long can this infrastructure last? They’re short term solutions for wider systematic issues where we’re putting people in harms way of natural hazards and allowing people, like in this article (nothing against them, they’re just trying to make money), buy up property in disaster prone zones and resell. Infrastructure and engineering isn’t always the solution. I believe there are better ways to keep populations safe from potential disasters, yet surely difficult when so many people want to live in California.
ronlcarsonjr
You guys should do a article on MLU a company from Athens Ga that has the biggest FEMA contract in California EVER. Why? Because they are building 400+ beautiful trailer homes in Oroville, Ca for the survivors of the paradise fires. They placed bets in Washington that it wouldn’t be done but those boys are ahead of schedule and have started moving people in this week. I can understand this entrepreneur editorial it looks cool but that’s the story you guys should tell.
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itsmelpete
For them to just be burnt down again?? This isn’t a natural disaster if you’re continually putting homes (families) in disaster risk areas.
A hurricane, wildfire, tornado, etc are natural hazards, not natural disasters. It doesn’t become a disaster until people’s livelihoods are destroyed.
Putting a home in a place where you know a hazard can strike makes the potential of a disaster taking place even higher.
#nonaturaldisasters
amigo_kandu
The extreme winds and thick vegetation danger will return. The homes need to be cement, or stone. The oldest building in California is the cathedral in Monterey, made of limestone blocks. Another problem is during fire evacuations, many cars & trucks are left behind, becoming fuel for the fires. The strong winds blow burning embers far ahead, not much time for people to escape if not prepared.
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