Fire Damaged Homes From Thousand Oaks Fire

[Mallie Messri]

Hi all,

As many of you may know there has been a huge fire that's erupted in the San Fernando Valley over the last few days and many homes have been damaged or completely burned. In Starbucks this morning there were over 50 evacuees from the Thousand Oaks Hills in our Woodland Hills location and we started a conversation with a few of the neighbors.

Does anyone have any idea what will happen to these homes? I assume most will be completely re-built with Insurance but I imagine that some home owners may be in a situation where they now need to sell? We obviously don't want to capitalize on this distressed situation for our neighbors but we definitely would like to know if there is any opportunity to purchase a fire damaged home in the next few months.

Any thoughts on this?

Thanks!