Try a decade
Not to be too dramatic, but one might add ‘...or more’ and be right. Permitting from The Coastal Commission on down to the local building inspectors is bad enough as it is. Neither are anywhere close to being able to effectively respond to this situation. Suggestions, anyone? The long-term ramifications of what happens now will seal the fate of the City of Los Angeles. Losing this cohort of its population —it’s most wealthy— and assessed values for property tax collection falling from $5M X 5,000 homes (wild, rough numbers I just made up which would produce an assessed value of $25 Billion) to maybe a tenth of that, a revenue s——storm awaits. Super-wealthy Angelenos living in the hills are a significant economic driver for local governments (their personal staff, domestic staff, retail sales taxes, etc.), and demand for municipal services (emergency and continuing) just went off the chart. Bold, tough decisions lie ahead if we are to get things back on track, somehow.