Carbon Beach, Malibu is ... carbon.

[speak easy]

Carbon Beach, better known as Billionaires Beach, has been razed by the Palisades' wildfire. Trump Superdonor, Larry Ellison, has been buying up Malibu beachfront properties. He owns ten. The sellers are probably counting their blessings.

[jmbar2]

1. This is not nice, but...

I dread all the multimillionaires now spreading out into neighboring states and buying up properties to replace what they've lost. Gonna put a lot of pressure on an already-out-of-control housing market.

[Irish_Dem]

3. Of course the wealthy will be able to escape climate change.

And bump out regular people in safer areas.

This will be the new normal.

We need to get with our new reality.

[Lulu KC]

4. For a while

There will be no place to hide.

[Irish_Dem]

7. They think being billionaires means they can run to New Zealand or other "safe" places.

Or live in space stations or Mars.

These people are used to always getting what they want.

They never realized that the most valuable resources are the planet and the people on it.
They are destroying both those resources.

They always thought their wealth was the most important thing in life.

[ananda]

12. Agree. It won't matter after awhile.

Climate change will have repercussions none
of the Trump billionaires can foresee because
they either don't believe in it or don't understand
it.

They don't think they need to care so long as
they keep making money, but they are in for a
big shock down the line.

[Magoo48]

8. No one will escape climate catastrophe. The rich will only be able to hide a bit longer.

When food and water become the currency, those who know how to procure and sustain them will be wealthy. Humanity is not addressing what’s happening with a fraction of the diligence and sacrifice required to keep this from becoming reality. At this late juncture, I can see no way I can be wrong, though, I hope like hell I am.

[Irish_Dem]

9. My theory is this is one reason the billionaires are obsessed with taking all resources.

They want it all, now.

They knew what is coming down the pike and they figure if a tiny handful of people own the planet
and everything on and in it, they will be able to hang on longer than anyone else.

So they are amassing huge futures to buy their way out of climate change consequences.
They have no intention of paying one dime to stop climate change, they are letting it happen and hope they
can ride it out.

Or depend upon Musk and the US taxpayer to build space stations, or colonies on Mars or the Moon.

[ananda]

13. I say they can knock themselves out trying to do all that.

It's not going to work.

[Irish_Dem]

18. But they will harm a lot of people in the process.

[ananda]

37. True, and themselves also.

No one is coming out of this unscathed.

[Irish_Dem]

38. They don't believe that yet.

Though the wealthy in LA are getting a taste of reality.

[ananda]

41. I don't think they understand what's coming.

Scientists have told us, but those with an interest
in fostering denial just have to keep it coming from
white Republicans, who are notoriously stupid and
beholden to the wealthy...

Thus the entire Republican party is in for a real
shock, since obviously white makes right is going
to go very wrong.

I think it's interesting the way so many people have
latched onto the white authoritarianism that has caused
this mess in the first place.

That's why I'm always saying that our collective psyche,
with no exceptions, is bascially fascist.

[Irish_Dem]

43. They understand enough to know they have to amass huge futures to protect themselves.

I think they know that climate change is real, they just lie to the regular people to save profit margins
and scam the public.

Their denial is in thinking that money will let them outrun climate change.

[ananda]

45. That may be what they think but it won't work.

They don't get what's coming.

Trumpers are blind to eveything but greed and power.

[Irish_Dem]

46. They are addicts.

They will do anything to get their drugs of choice. Money and Power.
They don't care if they destroy themselves and everyone else in the process.

[Magoo48]

15. I wouldn't be at all surprised if that's one of their plans.

[ZonkerHarris]

24. Like the Ark for the rich in the movie 2012. Save the rich, let everyone else die.

[Irish_Dem]

26. Yes. They truly believe they are the most brilliant, special people on the planet.

They know the price of everything but the value of nothing.

So the world is left with only brutal psychopaths.

[MontanaMama]

14. That's been happening here in MT

since Covid. We’ve been overrun and homes and property are unaffordable.

[spapeggy]

23. Look at what is going on in Montana

Locals can’t afford to live there anymore

[Baitball Blogger]

2. Holy S***

[Demobrat]

5. They will just replace the houses

with bigger, uglier McMansions.

[speak easy]

6. Some, who have lost everything, won't be going back.

More lots for Ellison to buy if he still thinks that is a good investment.

[RussBLib]

10. It's a calculated.gamble

How many years has it been since Malibu burned down? When will the next one happen? 1 year, 5 years? 10 years, 20 years?

It's kinda like those of us who live on the coast of the Gulf of Mexico. There WILL be a hurricane, but when and how strong.

Climate change is causing a lot of turmoil, but they probably don't care.

https://russblib.blogspot.com/?m=1

[Coventina]

11. He might be hesitant if he can't get insurance for the properties. n/t

[MontanaMama]

16. Normal people have to worry about insurance

because they have mortgages. The ultra rich don’t need it and can rebuild without it if they want to.

[Bernardo de La Paz]

19. He can self-insure. Buying insurance is *betting against yourself.* If loss would not be catastrophic, don't buy it

The only point in buying insurance is if the catastrophic risk would wipe you out. Like the average middle class family with a house should buy insurance. But if a billionaire like Ellison is buying up houses they should not waste money on insurance, because even if a hundred $10 million dollar homes get wiped out in one go (extremely unlikely and not even the case here), that's a billion dollars and it would not wipe Ellison out.

[reACTIONary]

22. Exactly right....

.... the one exception might be liability insurance. Not for Ellison, but for someone who is well off but not in Ellison's league.

[Zorro]

40. You got that right

Ellison owns virtually the entire Hawaiian island of Lanai.

[reACTIONary]

20. Ellison doesn't need insurance....

.... he can easily absorb the loss, and it's the land that is valuable, not the structure.

[mcar]

17. Devastation

My friend in Pacific Palisades got out, barely, but she doesn't know if she has a home.

Yes, I don't GAF about rich Trump humpers but this is all very sad.

[Cha]

27. Ohh Yes it is so Sad...

, mcar.

My Niece and her son had to evacuate in Brentwood last night.. I've been to their beautiful home.

Wishing the Best for them!

[SergeStorms]

21. The California fires have been very democratic.

They don't care who owns the fuel in their paths, the fires are going to use it.

I can't imagine losing everything in a matter of minutes. Like every other natural disaster, it's heartbreaking. 😔

[Cha]

25. OmGosh! The Fire wnet all the way

to the Ocean.. those poor Fire Fighters and people whose homes were Gone with everything inside.

On a personal note my Niece and her son had to Evacuate last night in Brentwood. Haven't heard yet about her home. :

[speak easy]

28. Santa Ana winds @ up to 90 mph :(

I can't imagine what it would be like to lose everything in the house. I'd concentrate on getting the pets out.

[Cha]

30. Yes Getting Out Most Important...

I've experienced Santa Ana Winds when I lived in San Diego but nothing like 90 Miles an hour.

[CoopersDad]

29. No rebuilding should be allowed. I live 100 feet from the sand, but...

I'm on a bluff overlooking the most ornery self-centered out of town beach home owners.

They block access to the beach despite the largest ever fine by the Coastal Commission.

In California, the beaches belong to the people and beachfront homes need to disappear, one way is to prohibit rebuilding.

Sorry/not sorry if others think private property rights trump public access.

[Coventina]

32. Authorities should "condemn" the beach and seize the property for public use. n/t

[Figarosmom]

31. All those rich guys huying up the ocean front properties, will get insurance money to rebuild and have

Nice , new properties without spending any of their own money. They were likely going to raze whatever was there to begin with and build resorts or some such stuff. Maybe luxury condos or apartments. The fire did them a favor.

[malaise]

33. Was this arson?

Asking for a friend

[speak easy]

34. lightning

[DFW]

35. The song was prophetic: "Ma-li-bu/Will be one big strectch of charred-up sticky goo"

[speak easy]

36. distasteful ... under the circumstances

[DFW]

44. The song is five years old

It was meant as a warning, not a prophecy.

[ancianita]

39. One lesson folks need to finally learn: No one will escape cascading climate catastrophes.

Oligarchs who occupy DC think we're not in this together.

Good thing California, 5th biggest economy on the planet, shows a huge budget SURPLUS this year. It's going to need it.

The 99% might finally come to see they'll need Gov. Gavin Newsom to run this country in 2028;
hopefully they won't learn too late that we all really are in this together.