Now Comes the California Fire Sale: China-Based Company Is Buying Up Land Incinerated by Firestorms
https://pjmedia.com/victoria-taft/2025/08/23/land-grab-in-california-foreign-shell-companies-are-buying-up-swaths-of-land-incinerated-by-firestorms-n4942963Now comes the fire sale.
If foreign corporations want to buy burned-out properties, can those sales be stopped? Should they be stopped?
When the feared firestorm hit Pacific Palisades, Malibu, and Altadena in Southern California last January, the Los Angeles mayor was MIA, the "public safety" guy in charge—the vice mayor—was on home confinement for making an anti-Israel bomb threat on city hall, fire fighters were not pre-deployed, there was no water in the reservoir, and fire hydrants went dry in the Palisades.
Guess who is buying up property destroyed in the Pacific Palisades Wildfire. Foreign investors have come to buy up burned out properties.
