LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland

2622.137 - 2645.033 Jay Powell

So you have now these two competing ideologies here. But to the question of who is responsible, it is economically going to make no sense to rebuild unless you can get that insurance. It is a coveted place to live. But because of the construction costs have gone absolutely parabolic in California because of regulations, you're talking about $14 million in income to build a $7 million house.