J.D. Vance

There was, let's call it the Costa beach.

Well, they're, they're selling because they can't afford to rebuild because as you said earlier, the rebuild will cost eight to 10 million.

but they can only get $3 million worth of insurance.

So who would spend $10 million on a house if you can only insure for $3 million?

More importantly, what bank will insure?

What bank would give a mortgage on a $10 million house with only $3 million worth of coverage?

It won't happen.

They got this thing set up to where people cannot, not only can they not afford it, but the people that can afford it, and this is what America needs to understand,

They're not just bleeding out the middle class now.

They're going all the way into the wealth band.

They've done this for years, by the way.

And unless you're Larry Ellison and you can buy three or four lots at a time, which he has on that beach that I'm on.

He didn't lose any of his homes, by the way.

Your boy over there, your boy, Rick Caruso.

Ricky Boyd has made $3 billion and will run for governor of the state of California as a Democrat, even though he's a lifetime Republican and a politician since he was 22 years old.

He's made $3 billion, maybe five, in Los Angeles County and is going to act like he's the saving grace there.

He made all his money under this watch.

Oh, New Zealand I heard about too.

Maybe, maybe, maybe 15, maybe 18, maybe 20.

It depends on how many, look, if one out of three people don't rebuild, you got a bunch bigger beach.