Malibu residents flee as international buyers snap up burned-out lots

Los Angeles TimesWednesday, October 22, 2025 at 10:00:00 AM
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Malibu residents flee as international buyers snap up burned-out lots
Malibu is facing a troubling situation as residents are fleeing the area due to the slow recovery from the Palisades fire. With only four rebuilding permits issued nearly a year after the disaster, home values are declining, prompting frustrated locals to sell their burned-out lots at lower prices. This trend not only reflects the challenges of rebuilding but also raises concerns about the future of the community and its real estate market.
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