How could the economic impact of the Los Angeles wildfires burn in several state

[Wonder Work]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

[Mate2237]

The economic impact of the wild fire is going to be difficult to recover in a short period because the loss is still been counted no body has actually come up with the total some of loss that was recorded this is one of the worst things that has happened in the world as an entire city was burned down from just a spark that took place some where

The fact is that the economic impact of this fire on is going to tell on the American economy because los Angeles was the entainment capital of the not only America but the entire world so economically speaking it's not a good one because as it stands all economic activities has been grounded in the city and billions of dollars will be spent in rebuilding this city that was one of the greatest cities in the world

[Antotena]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

Those people affected many of them had there house insure, so there is going to be some part of money they could get but you know as money is flowing out of the insurance company so are the companies getting affected, it's going to be huge outflow of money. Though, I'm not sure but there is government ministry interventions when there is a mass fire incidents like this by natural disaster, this is not a human cause but a natural cause so obviously, there is going to be help coming from the government.

However, I saw some videos surrounding the internet how some people were lighting trees and dried shrubs to make the fire in Lost Angeles community where there was no fire. I think the government need to investigate such places and people that are involved in those videos. They need to be brought to justice and make example else there is going to be more of that coming and it's may even be worse than what happened in recent months.

[philipma1957]

Last I read was 13,000 homes and businesses burnt to the ground.

so rebuild costs

              13,000 usd at 1 dollar
            130,000 usd at 10 dollars
         1,300,000 usd at 100 dollars
       13,000,000 usd at 1,000 dollars a rebuild
     130,000,000 usd at 10,000 dollars a rebuild
  1,300,000,000 usd at 100,000 dollars a rebuild
13,000,000,000 usd at 1,000,000 dollars a rebuild

so if every home and every business cost 1 million to fix the cost is only 13 billion

in the last two years california spent 45 billion dollars on the homeless and illegal aliens.

So the reality is 13,000 homes and businesses burnt is not as bad as tv makes it out to be.

another way to look at it is 4,000,000 people live in L.A. that is easy peasy 1,000,000 homes and businesses of which 13,000 built.

that means 13,000/1,000,000 or 1.3% which sucks but is not as bad as the tv makes it out to be.


if it were 130,000 homes and businesses burnt it would be over 130 billion

but at 13 billion it is not what you think.

Musk alone could pay of it out of pocket and still have 387,000 billion left over.

Los Angeles has. 13 billion dollar yearly budget
California has 291 billion dollar budget
USA has a 30 trillion plus dollar budget

it unfortunate this happened but it would have been a bigger problem if 130,000 homes went up in smoke.


https://www.cnn.com/us/maps-damage-los-angeles-wildfires-dg/index.html that story read 12000 but I heard 13000 on tv today

[Fiatless]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

Almost all the houses or businesses that were destroyed in this fire might be under an insurance policy. It is estimated that insurance companies might have to pay up to $30 billion as damages. This wildfire has caused unemployment since most people living in affected areas are under evacuation. It has been estimated that about 15,000 to 25,000 jobs have been lost because of the fire. This will increase unemployment insurance claims and state welfare packages.

The funds that the government would have invested in other areas will be used to fund emergency services, unemployment benefits and support to insurance companies.

The time frame for people to recover cannot be predicted. They might be able to rebuild houses and start new businesses. But the health consequences and the destruction to the environment might never be settled.

[MArsland]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

What is clear in several media that I monitor is that the losses have reached more than millions of dollars, a very large amount for a fire phenomenon. This is the first time I have seen a situation this severe. Not many possessions could be saved from the fire, except for the clothes they were wearing. Many of them have not received proper assistance. Hopefully the victims will be given fortitude. Those of us outside the US share our condolences.

edited

[philipma1957]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

What is clear in several media that I monitor is that the losses have reached more than 1000 trillion, a very large amount for a fire phenomenon. This is the first time I have seen a situation this severe. Not many possessions could be saved from the fire, except for the clothes they were wearing. Many of them have not received proper assistance. Hopefully the victims will be given fortitude. Those of us outside the US share our condolences.

Why do you miss state the truth.

13,000 homes and businesses at 1 million each are only 13 billion no where near 1 trillion no less 1000 trillion

[Sanitough]

What had happened is a big shock to the US economic condition. First and foremost, long-term recovery process is a must. The government may provide financial assistance and grant loans for the rebuilding of infrastructures and create jobs that these affected people must have in order to reestablish their lives again. While this may boost their energy to start all over again, but seeing all these vast effects, it takes longer time for LA to recover again from this heartbreaking disaster.

[passwordnow]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes? 

With all of the people affected there, the very first thing is that many of them will not be able to go to their jobs and if there were 10k houses that have been affected then we can estimate 2-3 or more person per household might not be able to work.

What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

I don't know. Maybe several months to a year or two. We will never know, if someone has to start from scratch because that's the only house they got, it will take them longer.

[Spaceman1000$]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

The recovery time is unknown as most of these properties we are talking about took years to have been built, however as we speak there are still more property been destroyed as a result of the on fire still on going, the losses are still yet to be recounted. I think the American government will have to properly take out a good percentage of their annual budget to tackle this menace that have just happened with the
people of Los Angeles, the Trump administration will have to bear the burden of that economic impact. It will take years for lots of families to recover their properties and recover from the shock they've witnessed during this trying times.

[N.O]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

Wildfire have destroyed the large area of America . That is big loss of property because many houses burnt in this fire and that is very bad for America Economy. When it comes to Economy, Donald is very serious for the economy of country but he could not do anything in this case because that was high intensity fire . Million of dollars wasted in this fire because fire burnt everything which came in front of fire . When I heard news about that I was shocked then I searched about the reason behind this fire and I think government should take action and should be aware about these kind of damage because that is destruction of country.I am not American but it was very sad moment because many people lose their houses which was their all investment in their life.

[Jating]

On the flipside, I think it will have some positive impact in the construction industry. As obviously, they have to rebuild their homes and so they need to hire people or at least materials to rebuild their homes. And so that's where jobs are going to enter, at least in the short term, laborers are going to be needed.

And another is sale of fire prevention equipment perhaps would also spike as suppliers will have to produce this kind of equipment.

Definitely the insurance policies might be revisit because of this natural disasters.

Not to rub it in, but it could be that those who's houses are burn might have the capacity to rebuild their houses as they re rich although it disproportionately affect lower-income communities too.

[Oluwa-btc]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

I don't think they have been able to get over this disaster that has affected a whole lot in the economy and as well an individual properties, and at such it's gonna take a very long while before they would recover from this incidence caused by the wildfires and again this disaster has affected the economy in such a way that it has given the United States government a huge task and responsibilities over the properties and homes that were damaged in the process, I don't know how long it's gonna take to fix the whole cities affected but it's sure a big loss to the economy of California.

[pooya87]

For now they are speculating about the damage, but the numbers I've seen are above $200 billion in damages. That is a pretty big damage and with the already strained and insufficient US budget, things are going to get tough finding the (real) money to try to cover those losses.

This means they'll simply print trillions of dollars to cover the deficit and consequently it will create more inflation which like always they'll export part of it to the rest of the world. You know where I'm going with this: dedollarisation is paramount...

[Swordsoffreedom]

What had happened is a big shock to the US economic condition. First and foremost, long-term recovery process is a must. The government may provide financial assistance and grant loans for the rebuilding of infrastructures and create jobs that these affected people must have in order to reestablish their lives again. While this may boost their energy to start all over again, but seeing all these vast effects, it takes longer time for LA to recover again from this heartbreaking disaster.

This will be a huge shock to the victims of this fire and a significant loss for LA, but to say it is a huge shock to the US economy is a bit of an exaggeration.
According to the news I read, the fire caused about 250 billion dollars in damage to the US economy, which is a huge number compared to other countries but compared to the US GDP of 30 trillion dollars. This is not a large number and it is unlikely to slow down the US economy.

But this is truly a tragic disaster when everything has been almost completely destroyed, people have lost their homes, jobs, businesses may close permanently...the only thing they can do is hope that the Trump administration will have a support policy and receive adequate compensation so that they can return to normal life.

https://www.accuweather.com/en/weather-news/accuweather-estimates-more-than-250-billion-in-damages-and-economic-loss-from-la-wildfires/1733821

[davis196]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

Would you mind telling us why do you want to ask such question? Your English seems a little bit broken. Do you use Google Translate?
I've heard that the approximate cost of all damages caused by the fire would be around 180 billion USD. I think that 180 billion USD isn't that much for a country, that has a GDP of around 25 trillion USD. California would most likely recover after several years.
I've also heard that the US insurance companies don't want to provide home insurance against fire. Most of the people in Los Angeles, who lost their homes are rich and middle class, so I think that they should be fine.

[Wexnident]

~

You can expect almost that the price of housing would probably drop early on but as the rebuilding process goes on, go back to normal or even higher really. Still, I'd hold my thoughts on it before they're able to actually know what the fuck happened that caused the wildfires, and whether or not LA government would be able to address/prevent it in the near future. If they can't, personally speaking I certainly wouldn't want a lot that could suddenly flame up all of a sudden due to a weather condition.

Aaaand we're probably going to see the money printer go brrrrrr to pay off the damages incurred. Like this would probably amount to billions at least. Workforce in the place would probably take some time before they can settle down again and start working, but I reckon construction would have their heyday after the wildfires are extinguished. Unless, ofc, it somehow spreads again. Hopefully not though.

[Catenaccio]

For now they are speculating about the damage, but the numbers I've seen are above $200 billion in damages. That is a pretty big damage and with the already strained and insufficient US budget, things are going to get tough finding the (real) money to try to cover those losses.

This means they'll simply print trillions of dollars to cover the deficit and consequently it will create more inflation which like always they'll export part of it to the rest of the world. You know where I'm going with this: dedollarisation is paramount...

They will continue money printing since Pandemic Covid-19.

World debt clock by nations.
The USA. debt clock https://www.usdebtclock.org/ with $36,370,310,300,000 now.

M1 Money supply soars like a rocket since 2020.
https://fred.stlouisfed.org/series/M1SL

[Nanga Parbat]

How do you think the economic condition of the United States can be when the Los Angeles fire in the United States recently destroyed many people's homes?  What kind of time do you think it would take to recover all the problems caused by the fire? How could the current state of wildfires in California affect the economy?

That is bad news for the Americans because they lost big thing in this Wildfire and their loss was very big which was of many billion dollars. That was a big city of America and that was very famous all the the World because it's look was very beautiful but now that is bad time fgid America but they have to keep patience because nobody could do in this case . I think thatis sign of God and God is angry with Americans and God want step for Ukrain and Phalasteen.America is  the reason of brutality in the World and Russia is also on the same path as American choosed and they are coping the America but they will not be successful in their mission and there will be peace in the World at last.

[Darker45]

I don't think this will have a huge impact on the "economic condition of the United States", but it will surely have a significant impact on Los Angeles' economy. For one, visitors and travelers would be avoiding the area. That means flights, hotels, resorts, restaurants, and others will be losing revenue.

Moreover, those businesses in close proximity with the fire will certainly close. That means unemployment. That further means unemployment claims. And then there's the insurance companies facing billions and billions of liabilities. I hope they're robust and solvent enough to comply with the sudden demand. There's also the possibility that supply chains are affected because of the fires.

I think this will also cause relocations and migrations to other cities and states.

These and many other economic impacts will surely be suffered by the city and the state in general. I hope the recovery will be fast.