Planet Money

After the fires

108 snips
Jan 23, 2025
Residents return to their devastated neighborhoods in Los Angeles, grappling with heart-wrenching questions about rebuilding. A father and son share their emotional journey through the destruction, while an insurance expert reveals the complexities of valuing lost homes and possessions. Stories of opportunistic investors highlight the impact on generational wealth in marginalized communities. As survivors reflect on lost memories, they face tough decisions about resettling amidst the haunting emptiness left behind.
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ANECDOTE

A Home Destroyed

  • Aaron Abdushakor returned to his Altadena home after the fire.
  • He found it completely destroyed, with no recognizable features remaining.
ANECDOTE

Jihad's Childhood Home

  • Aaron's son, Jihad Abdushakor, hadn't yet seen their destroyed home.
  • Jihad grew up in the house, which is now reduced to ashes.
INSIGHT

Unprecedented Destruction

  • The fires caused extensive damage, destroying about 15,000 structures.
  • Estimated damages could reach $275 billion or more, significantly exceeding previous California fires.
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