J.D. Vance

Right now, looking west, I have a perfect view.

My view got improved.

You know, the problem... Yours did too?

It did.

The problem is the community got destroyed.

They're making a bet.

They're making a bet, Adam.

They're saying, hey, California will come back just like San Francisco did after the fires.

If you can weather, if you will, if you can weather four or five years and wait for the community to come back, there's going to be fewer homeowners, fewer people on the beach.

The rich, you know, those that make the bet right now will get richer and they'll always be somebody that wants to live there.

From what I understand, and it's very reliable information, the only thing that has been permitted in the Palisades were pre-fire permits in place.

They were already approved, already in place.

By the way, I buy that completely.

Because if you look at Malibu, there's nothing.

Zero.

If you look at Malibu again and you see what survived the fires, it was only concrete block that survived the fires.

Poured in place, modern build, modern glass, concrete, and glass.

It was built in the last – anywhere from the last two years to 10 or 15 years where that's what you built.

Yeah, they got it in through the front door.

So they started on the garage and then like, so like just the damage that the fire department, by the way, God bless the fire department.