From ashes to assets: Scorched land in Los Angeles is selling for a fortune as wildfire-devastated areas see surprising demand
- Posted on March 4, 2025
- By Business News Today
- 2 Views
From ashes to assets: Scorched land in Los Angeles is selling for a fortune as wildfire-devastated areas see surprising demand
Despite devastating wildfires in Los Angeles, land prices in affected areas like Palisades and Altadena are soaring, with investors paying significantly above pre-fire values. This has prompted community fears about the changing character of the neighborhoods as cash buyers enter the market.
