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$70m of that $80m house is the land its on, and that hasn't been destroyed.
by ta1243 2y ago
$70m of that $80m house is the land its on, and that hasn't been destroyed.
- Ancapistani 2y agoIt depends. How much of that location value was because of the views, proximity to LA proper, etc.? How much of it was due to the types of houses that were in those specific neighborhoods and the type of people that lived in them? If the "rich and famous" don't return to those neighborhoods and rebuild their multi-million dollar homes, those parcels will be worth significantly less.