Part 7/9:
The long-term ramifications of these issues are profound, with many homeowners facing a difficult choice: rebuild at a significant financial loss or sell their properties under duress. The fallout extends beyond individual homeowners as a potential exodus from California looms, with residents fleeing to safer locations with more affordable and stable housing markets.
The time expected for recovery in these regions is also a significant worry. Projections indicate that less than 20% of homes will be finished rebuilding within three years, with high-end properties potentially taking five years or longer due to extensive regulations and permitting processes.