During The Wildfires In Los Angeles, The Business Magnate Explains How The \u201cMiracle\u201d House Survived \u201cUntouched\u201d<\/p>\n
David Steiner\u2019s $9 million Malibu villa was the only property left intact after the Palisades fire ravaged his neighborhood, destroying over 20,000 acres and 5,000 homes in Los Angeles. Steiner credits the home\u2019s earthquake-resistant design, fireproof roof, and deep foundations for its survival,<\/p>\n
While relieved, Steiner noted his villa wasn\u2019t his family\u2019s primary residence and expressed sympathy for those who lost their homes. \u201cOthers lost memories. My heart goes out to them,\u201d he said.<\/p>\n
Despite insurance, he expects only partial coverage for smoke damage.Authorities suspect arson in some fires, with a man arrested near Calabasas. Celebrities like Paris Hilton and Eugene Levy were among those affected. Read more below<\/p>\n","protected":false},"excerpt":{"rendered":"
During The Wildfires In Los Angeles, The Business Magnate Explains How The \u201cMiracle\u201d House Survived \u201cUntouched\u201d David Steiner\u2019s $9 million Malibu villa was the only property left… <\/p>\n","protected":false},"author":1,"featured_media":23514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n