Malibu residents flee as international buyers snap up burned-out lots
NegativeU.S News

Malibu is facing a troubling situation as residents are fleeing the area due to the slow recovery from the Palisades fire. With only four rebuilding permits issued nearly a year after the disaster, home values are declining, prompting frustrated locals to sell their burned-out lots at lower prices. This trend not only reflects the challenges of rebuilding but also raises concerns about the future of the community and its real estate market.
— Curated by the World Pulse Now AI Editorial System