this post was submitted on 02 Sep 2024
32 points (94.4% liked)

United States | News & Politics

7192 readers
1 users here now

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] JoMiran@lemmy.ml 1 points 11 months ago (2 children)

Why? Asking because I know nothing of the area.

[–] return2ozma@lemmy.world 4 points 11 months ago

Here's a good video about the area: https://youtu.be/M2b9tM8IrzM

It's mostly a wealthy retirement area far from the freeways. Zillow: Palos Verdes Estates, CA Housing Market Average Value $2,797,973

[–] downdaemon@lemmy.ml 3 points 11 months ago (1 children)

Super rich people that have known about this for decades

[–] JoMiran@lemmy.ml 3 points 11 months ago

Ah. So this isn't a tragedy, it's a write off.