Real estate giant explains how Los Angeles can rebuild after wildfires, says California leaders must 'step up'


While many Californians have been outspoken about California state leadership's response to the tragic wildfires, the agency's Mauricio Umansky believes they can “step up” and help rebuild the Golden State.

Umansky said, “I predict the damage will reach $100 billion. And we just need everyone's help.” In “Varney & Co.” Friday

“It is highly unlikely that he will return home for a short period of time,” he continued. “We need to clean up the water. We need to get the power back on, the power back on. The government needs to step in and make licensing easier. Create a task force that's really involved in all of this. Things and helping to rebuild “

Palisades Fire, Eaton Fire, Kenneth Fire, Hurst Fire and Lidia Fire have It burned more than 27,000 hectares Officials say and 10,000 houses and buildings in the Los Angeles area. Fox News reports that the Eaton fire has killed seven people and that three other fire-related deaths have been confirmed by the Los Angeles County Coroner.

California wildfires: Essential phone numbers for Los Angeles area residents and how you can help

A new analysis released by JPMorgan estimates that total economic losses and insured losses from Southern California's deadly wildfires are likely to be the costliest in the state's history. up to 50 billion dollars

Mauricio Umansky on reconstruction after the fire

Mauricio Umansky, the agency's founder and CEO, is telling California leaders to “step up” and help residents amid the deadly Los Angeles wildfires. (Getty Images)

Umansky Real Estate has more than 50,800 listings in the greater Los Angeles area, according to its website.

“It's going to have to be a process. There's going to be a lot of questions being asked right now, I think there are a few answers. Obviously, we've got to contain the fire, and we've got to get people home,” the CEO said, and We must take care of all our residents who have lost their homes and been displaced.

Umansky argued that homeowners “need” state and city leaders to help with rescue, relief and recovery efforts in the disaster, but ultimately expressed doubts about their abilities: “I don't think they're going to do it.”

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They have proven time and time again that they don't have the tools to do it, they don't have the brains to do it, they just Focus on the wrong things We are one of the largest economies in the world. We have the highest economic tax in the country. And we're not doing things right.”

“But the optimism in me is to hope and pray for the rebuilding of these communities, which we're an important part of, that we do the right thing and figure out how to do it,” Umansky continued. Get a task force, that they get advisors around them who know what they're doing, and who listen and actually act.”

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Eric Rolle and the Fox News staff of FOX Business contributed to this report.



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