Posted in home

Why California’s Devastating Wildfires Will Push Home Prices Even Higher

As the devastating Glass fire raged through California’s scenic wine country in late September, Thomas Senander, 63, initially ignored the evacuation orders, But then a few days later, he and his family watched 100-foot flames rush straight in the direction of their Santa Rosa, CA, compound. When the fire began to lick the edges of a field leading onto their property, the retired engineer, his wife, and their grown son sprang into action.

Like many of their neighbors, they’d been through this hell before. Just three years ago Senander and his family lost their previous home—about 6 miles away in the same town—to the Tubbs fire. They were determined not to experience that anguish again.

He connected a fire hose to his 3,500-gallon water tank and blasted the blaze as it barreled toward him. His family poured buckets on runaway flares. The inferno was heading for an old barn

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Devastating Wildfires Send Consumers Flocking to Home Depot, Says Jim Cramer

Jim Cramer is asked about the economic impact of the wildfires that are burning the West coast and how this could hurt a U.S. economy that’s already hurting because of the coronavirus pandemic.

Currently, there are fires burning in California, Oregon, and Washington. Over 500,000 people have been told to evacuate in Oregon. 

Cramer noted that Home Depot has been “a rocket” lately. Here’s what he had to say about Home Depot a couple of days ago in his Real Money column.

“The rails were insane Wednesday. Could it be the note we got from a research firm that Federal Express (FDX) could beat the estimates? Is it that China’s very strong and there’s a lot of intermodal traffic? Again, no particular reason,” Cramer wrote in his Real Money column on Wednesday night. “Or how about Home Depot (HD) , Lowe’s (LOW) , Walmart (WMT) , Costco (COST) , Target

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Continue Reading Devastating Wildfires Send Consumers Flocking to Home Depot, Says Jim Cramer