Part 3/7:
Recent wildfires, particularly along Carbon Beach, have exemplified California's failures in infrastructure and management. One real estate figure recounts harrowing experiences witnessing many neighbors lose their expensive homes to the flames, while his own property, a concrete structure, managed to survive owing to its built-in resilience against fires. Notably, many homeowners are now burdened with inadequate insurance—some receiving only $3 million to cover massive losses that could reach $25 million or more.