How many homes are on the market in SD county?
you guys can help me here on this one… i dunno
How many homes in SD county burned down? lets say 1500..
Of the 1500 homes that burned down, how many were for sale? lets again over estimate and say 1 out of 4.
So.. we can see that there will be at most, a temporary reduction of inventory by about… 375 homes, max… hmm not exactly going to change market dynamics one way or the other.
What this will do is cost city and county tax dollars, slow business sales and growth via closures, delays, displacement, etc., and sadly cost those who have lost their homes additional expenses that they may not ever be reimbursed for. (insurance can’t cover every expense that one accrues due to structure fire right?)
I can’t see this helping an already hurt housing or job market much. The few construction jobs gained by these tragedies will be a wash at best to the losses accrued by other San Dieagans one way or another.
