The fire just cost $250 Billion. Another disaster that could be 10X more expensive is looming . . .

Photo above - Let's play "Name that faultline." No . . . it's not the San Andreas fault. It's worse . . .

2 weeks now. The fire is still burning. The cost is estimated at $250 billion. Two more arsonists are in custody. How could it be so damn expensive? In addition to 12,000 homes with an average Zillow value of $2 million each, the fire destroyed a bunch of schools, shopping malls, office buildings, hospitals, museums . . . The entire Hunter Biden NFT art collection was destroyed. “Worth Millions of dollars” according to Hunter’s attorney, who had 200 unsold masterpieces stored in his basement, behind the furnace, for safekeeping. But his property insurer may balk at this self-reported valuation.

So, maybe the $250 billion estimate could be overblown, if this is how estimates are being made. But still, it’s an epic disaster.

But wait 'til insurance companies start looking at drone photos of the San Jacinto fault line. Picture above, link below. They could all rush for the exits immediately.

The chasm looks like a special effect from a blockbuster Hollywood film. “Earthquake Panic: Infinity War!” But apparently its completely real (sleuths, please determine if this just a BS deepfake). And the rift is growing so fast, it makes the pace of melting polar ice caps look positively glacial.

What happens when NOBODY wants to issue home insurance policies? Places like California, Florida, and Texas are constantly besieged by fire, earthquakes, tsunamis, oil spills, mega-storms, and electrical blackouts. There isn’t enough money in California's FAIR (subsidized) insurance fund. In fact, the FAIR fund went bankrupt about 1 hour into the first fire. It had only $300 million in reserves. Earthquakes are going to be completely off the table.

The solution is going to be ugly. People are going to have to make hard choices about how much they want breathtaking ocean panoramas, scenic woodland hillsides, and beachfront condos. And then they will have to pay for those features out of their own pockets. Just like people in Kansas pay for tornado insurance. If you want to own something nicer than what ordinary Americans have, it’s your responsibility to pay for it. Not stick it to the residents of some other city or state.

I’m just sayin’ . . .

California Is Splitting Apart: A Fault Line Is Forming Faster Than Anyone Predicted