[Maru]

Originally Posted by bots

also, fewer properies available on the market increases the value of those still standing so there is no incentive to rebuild from a property owner perspective

Yeah a lot of people walk away with the insurance money from burned out properties. It takes about a year even in areas with less obstacles to go through to rebuild. In this case though some of these properties weren't insured because they were dropped by providers. Many insurers have left these areas or the state itself, so there is that. They may be in the hole still on that property and it would be hard to secure a new mortgage, especially with high interest rates. But in many cases also these are people with the money but they are making the process very difficult and that means people have had to get lawyers...

We have a similar problem here with insurers, but not nearly to that extent.