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Post Market Wrap: January 24, 2025

LA real estate agent reveals No. 1 reason why Pacific Palisades residents won't return

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. hy-pacific-palisades-residents-won-t-return.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Josh Altman argues that up to 70% of Pacific Palisades residents won't return or rebuild their homes due to "simple math" following the devastating wildfires.
The article from MSN Money discusses insights from LA real estate agent Rochelle Maize, who explains why residents of Pacific Palisades, an affluent neighborhood in Los Angeles, are reluctant to return to the area. According to Maize, the primary reason is the significant increase in property prices, which have escalated due to high demand and limited supply. This surge in costs makes it financially challenging for former residents to move back, even if they have an emotional attachment to the community. Additionally, the article touches on how the area's appeal, with its scenic beauty, good schools, and community feel, continues to attract new buyers, further driving up prices and making it less feasible for previous residents to afford returning.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/real-estate/la-real-estate-agent-reveals-no-1-reason-why-pacific-palisades-residents-won-t-return/ar-AA1xRv8u ]


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