The cleared, vacant lots of homes burned during the Palisades Fire are seen in the Pacific Palisades neighborhood of Los Angeles on June 9, 2025. John Fredricks/The Epoch Times
Almost a year after January’s devastating California wildfires, real estate investors have been buying up nearly 40 percent of the land sold in the areas impacted by the fires.
A Dec. 30 report from Redfin stated that many of these now-empty lots once retained some of the nation’s most expensive homes, before they were reduced to rubble when the fire ripped through over 40,000 acres and destroyed more than 11,000 single-family homes in the Los Angeles suburbs.
