1A The Choice To Rebuild After A Natural Disaster
Mar 27, 2025
In this insightful discussion, guests include Sarah McGregor, managing editor at Bloomberg, who unpacks the aftermath of devastating LA fires; Santina Contreras, an urban planning professor at USC, who sheds light on disaster recovery and gentrification; and Olivia Daly, a resilient business owner from Banner Elk, NC, sharing her journey of rebuilding after Hurricane Helene. They explore the emotional toll of natural disasters, the complexities of insurance, and the critical need for community solidarity in recovery.
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Mattis Family Loss
- Peter Mattis' family home in Altadena, owned for 40 years, was destroyed in the Eaton Fire.
- Only a few items survived, including his wedding ring, a championship ring, and an outdoor table.
Rebuilding Costs
- Peter Mattis is rebuilding because his insurance will cover most of the costs.
- This is a best-case scenario, unlike many other homeowners facing rebuilding costs exceeding insurance coverage.
Insurance Gaps
- Many California homeowners are underinsured due to insurers pulling out or capping payouts.
- Rebuilding costs in California's pricey market often exceed insurance, leaving homeowners with a significant financial gap.