Investors Buying Lots In Burn Areas (12/30)
The John Kobylt Show
Premiere Networks
4.3 • 799 Ratings
🗓️ 31 December 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
The John Kobylt Show Hour 2 (12/30) - Lou Penrose fills in for John. Michael Monks comes on the show to talk about a report by RedFin about investors buying vacant lots in burn areas in SoCal. More on a report by RedFin about investors buying vacant lots in burn areas in SoCal. Lou had a problem with a kitchen appliance that he bought that was made in China.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.8 | KFI AM-640. |
| 0:06.5 | You're listening to the John Cobalt podcast on the IHeart Radio app. |
| 0:10.8 | Lou Penrose, in for John Cobalt this week. |
| 0:13.2 | Thanks so much for being with us. |
| 0:15.0 | Well, we're here, and this day was going to come. |
| 0:18.3 | The vacant lots for sale are piling up after the LA fires, |
| 0:22.1 | and investors are buying them. |
| 0:24.0 | Residents have long grappled with the decision, |
| 0:27.2 | wait and rebuild or sell. |
| 0:30.9 | K-F-I's Michael Monks has been following the story. |
| 0:33.1 | It's a redfin story, Michael. |
| 0:34.6 | Is it just for the Eaton fire lots, or is it all the lots? |
| 0:39.5 | We got a call during the break that it doesn't contain. |
| 0:42.9 | It's not, doesn't apply to the Palisades fire lots, but I assume they're next if it doesn't cover them. |
| 0:48.4 | No, this, this report from Redfin absolutely does cover both of those major wildfires from last January. It does absolutely |
| 0:55.7 | include analysis of the Pacific Palisades as well. Redfin, the real estate company that also |
| 1:01.2 | has real estate agents here on the ground and produces online editorial content like this report. |
| 1:05.9 | They did an analysis of purchases of lots through county records and found that about 80% of these |
| 1:13.9 | lots that had been sold recently did used to have a house on them prior to burning down in the |
| 1:19.5 | wildfires. And that's both in Altadena and Pacific Palisades. And about two and five or |
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