California wildfires' aftermath prompts housing crisis lessons for NYC

In response to the recent wildfires in Southern California, California Governor Gavin Newsom has expedited rebuilding efforts, raising questions about the state's long-standing housing crisis, which is exacerbated by high housing costs. The relationship between housing market tightness and homelessness is emphasized, as research indicates that housing expenses significantly drive homelessness rates in cities like Los Angeles compared to others. Meanwhile, donations from the Santa Barbara International Film Festival are aiding victims of the fires, with funds directed towards essential health care supplies and safety gear for cleanup efforts. The Insurance Institute for Business and Home Safety stresses the importance of retrofitting older homes to withstand wildfires, highlighting risks to properties built before current building codes. Additionally, celebrity real estate agent Josh Altman reports a surge in inquiries from displaced residents seeking homes in areas like Santa Monica and Brentwood, indicating potential shifts in real estate dynamics post-fire. A recent aerial overview reveals extensive destruction in Pacific Palisades, showcasing the impact of the fires on local communities and infrastructure.