Real estate mogul details how Los Angeles can rebuild after wildfires, says California leaders should ‘step up’

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While many Californians have openly expressed their disapproval of California’s leadership’s response to the tragic, wildfires, the agency’s Mauricio Umansky believes they can “step up” and help rebuild the Golden State.

“I expect the damage will exceed $100 billion,” Umansky said. “We’re just going to need help from absolutely everyone.” On “Varney & Company.” Friday.

He continued: “The possibility of returning to your home for a short period of time is very unlikely.” “We have to go clean the water. We have to get the power back, the electricity back. The government is going to have to step up and make it easier to issue permits. And put together a task force that is really involved in all these things. Things and helping with the rebuilding.”

The Palisades Fire, Eaton Fire, Kenneth Fire, Hurst Fire, and Lidia Fire Burning more than 27 thousand acres Officials say there are 10,000 homes and buildings in the Los Angeles area. The Eaton fire claimed seven lives and the Los Angeles County coroner confirmed three more deaths linked to the fire, Fox News reported.

California wildfires: Essential phone numbers for Los Angeles area residents and how you can help

A new analysis published by JPMorgan estimates that the total economic and insured losses from deadly wildfires affecting Southern California are likely to be the costliest in the state’s history. Up to $50 billion.

Mauricio Umansky talks about rebuilding after the bushfires

The agency’s founder and CEO Mauricio Umansky is asking California leaders to “step up” and help residents amid deadly wildfires in the Los Angeles area. (Getty Images)

Umansky Real Estate Brokerage has more than 50,800 listings in the greater Los Angeles area, according to its website.

“This has to be a process. There are going to be a lot of questions now, and I think there are some answers. Obviously we need to get the fire under control, and we need to get people into homes.” “We need to take care of all our residents who have lost their homes and been displaced,” the CEO said.

Umansky said homeowners “need” state and city leaders to contribute to rescue, relief and disaster recovery efforts, but ultimately expressed doubts about their abilities: “I don’t think they’ll do it.”

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“They have proven time and time again that they don’t have the means to do it, the brains to do it, they just… Focus on the wrong things. We are one of the largest economies in the world. We are the highest taxed economy in the country. We are not doing things right.”

“But the optimism in me is to hope and pray that we rebuild these communities, of which we are a very important part, and that we do the right thing and figure out how to do it,” Umansky expanded, “and that they form a task force, and that they have advisors around them who know what they are doing.” “And they actually listen and act.”

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FOX Business’ Eric Revell and Fox News staff contributed to this report.



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