Economy
More Than 48,000 Homes at Risk Due to California Fires
Published:
Last Updated:
The Camp and Woolsey fires have killed at least 42 people, which make them the deadliest fires in the history of California. They have spread so extensively that over 48,000 homes are at risk for severe or total damage.
[in-text-ad]
According to real estate research firm CoreLogic:
48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California.
The chart below shows the risk based on an analysis of the two fires.
These charts show the financial risk by Zip code:
According to CoreLogic: RCVs represent the cost to completely rebuild a property in the worst-case scenario of total destruction of the structure, including labor and materials by geographic location.
Robinhood Gold just rolled out a wild 5.25% APY yield for members, a whopping 8x the national average and way better than treasuries.
Earn an eye watering amount of money while you sleep. Sign up today — click here to start earning today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.