Los Angeles fires' economic toll goes far beyond destroyed homes

The most straightforward component of damage is the number of structures damaged or destroyed, currently about 12,000. That's fewer than the 18,000 felled by the Camp fire in Northern California in 2018, but this is a different kind of house: Zillow values the average home in the Pacific Palisades ZIP code at $3.4 million; in Altadena's ZIP code, it's $1.3 million.

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