SOCAL Forest Forests caused up to $ 164 billion in damage: UCLA Research

The capital’s research has recently caused recently in the Los Angeles Metropolitan region to damage to property and capital losses of up to $ 164 billion, and has set new research.

Meanwhile, secure losses are likely to make up about $ 75 billion of this total, according to the report, issued by Economists at Anderson College of Administration at the University of California, Los Angeles.

Economists also expected a loss of 0.48 percent in GDP at the province level for 2025, or about $ 4.6 billion, and a total wage loss of 297 million dollars for local companies in affected areas.

Although both fires have now been received by 100 percent, the Palisades fire is 23707 acres in the Pacific Palisades area, while the Eaton 14,021 acres burned in Altadena, North Pasadena, according to Cal Fire.

On Tuesday, the Governor of the state, Gavin (D) signed an executive order to reduce the red strip that could have been dispersed by the extensive relief services of the fire survivors. The matter stopped specific rules, the relevant final dates, provided organizational relief to rebuild and expand access to basic services.

“With the rise of Los Angeles, we will continue to remove the barriers that will stand on the way,” the ruler pledged in a statement on Tuesday.

Later in the day, newsom has also announced that more families in affected postal symbols will now be eligible to receive Calfrass diet.

Although fires may be contained now, the University of California in Los Angeles has warned that the consequences will be difficult and have a wide range of striking effects.

Forest fires directly destroyed 16,420 residential and commercial properties, as well as many cars and personal property, according to the report.

Among the incorporated buildings, 6,822 were structures in Pacific Palisades and Malibu, while 9,418 were in Altadena. With these numbers in mind, authors used data from the most previous catastrophic burning in California to generate initial loss estimates.

Economists pointed out that without a significant increase in the efforts to reduce fires and investments, California residents may experience increasingly expensive insurance premiums.

The authors added: “All investments of mitigation of forest fires will be justified, taking into account the astronomical costs associated with forest fires.”

They also expected that the housing markets in Los Angeles will become increasingly improper – as these conditions specifically affect the rental units.

Although Los Angeles Province has issued permits of about 20,000 to 25,000 new housing units over the past decade, forest fires in the region have canceled two -thirds to three quarters of the annual housing supply, according to the report.

The authors warned, “Forest fires have already aggravated the decisive issue of insufficient housing supply in Los Angeles.”

In addition to direct economic losses and future housing problems, the researchers also focused on medical issues related to inhalation of fire pollutants.

In addition, they noticed that the exposure to the physical substance transmitted by the fire caused up to 55,710 early deaths in California between 2008 and 2018-which led to up to 456 billion dollars.

“The economic effect of forest fires extends beyond the destruction of property,” economists wrote. “Forest fires produce large smoke columns that can travel long distances, which constitutes major threats to public health.”