“Millions List” star Josh Altman Predicts Pacific Palisades will never be the same as he doesn’t expect most families to return.

In a new interview with Fox News Digital, Altman explains how Los Angeles fire Impacting the residents of the Southern California town and what it would look like in the future.

He said his insurance agent told him “more than 90 percent of these people are Severely underinsured. “

Altman added, “I think 65-70 percent of people are not going to come back to Palisades or Malibu. I can tell you by counting all those calls, I’m getting people asking me to send them list and talk to them about different communities.

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“Million Dollar Listing” star Josh Altman says 90 percent of people who lost their homes in the Pacific Palisades fire were “grossly underinsured.” (Gabe Ginsburg/Getty Images)

“I get a lot of calls from people who just don’t want to be in the fire zone anymore,” he continued. “You have to realize with multiple fires… does lightning strike twice? It’s going to happen again… So, you know, I think it’s more that most people don’t have enough The bandwidth to complete the build process will become more of a deciding factor.

“I just don’t see people going back there. I see a whole new group of people, definitely. So, don’t get me wrong. Palisades is and will continue to be one of the hottest areas for real estate and the hottest One of the safest long term investments, one of the best places to live, close to the beach, close to the water, and an amazing town to come back to, it will be a whole new crowd in my life. It seems.”

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Altman predicts most families won’t return to Pacific Palisades after Los Angeles’ wildfire devastation. (David Hume Kennerley/Getty Images)

Additionally, Altman says people are “tired” of the drama Various insurance policies.

“The other thing I’m seeing … is a lot of people who are tired of not being able to get out of California (insurance) policies are talking about Orange County,” Altman said.

“There is a moratorium right now on any home within a 35-mile radius of the fire line where the fire occurred, so there are a lot of homes. So, those areas currently have no insurance — zero. And then you have other people who are not in those areas, and the premiums are going to go up.

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As of Friday, the Pacific Palisades Fire was 31% contained. 23,713 acres have been burned. (Tiffany Rose/Getty Images)

“Having said that, how do you rebuild a house for $1,000 a foot when you’re severely underinsured?” he continued. “That’s not going to happen. So, you end up selling your land, you’re going to get an inspection from the insurance company, you’re going to try to move on with your life and try to get as much money back as you can. Probably.”

Altman predicts that for those who choose to stay, rebuilding will take years and the costs will be astronomical.

“People have to understand the building process,” he shares. “Most people have never built a home in their life, so they probably think it’s a lot easier and a lot faster than it actually is. … It’s a very difficult process, especially in a place like California. There are no shortcuts Go. There is no quick way to do this.

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Multiple deaths have been reported since the Jan. 7 Palisades fire. (Jill Connolly/Bloomberg via Getty Images)

“I don’t see these houses in places like Palisades or Altadena — I haven’t seen that happen in three years,” he continued. “I think it’s going to take a year for everything to clear up. And then, from what I understand, they’re going to expedite the permitting process. So instead of waiting another year, the permitting is waiting a few more months, but there’s no way around both years of construction.

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“Then you have to take into account the fact: Do you want to live in a community that, if you did the perfect building, most people wouldn’t be that quick? So, you have to assume it’s going to be four to five years,” he added. “That’s a realistic timeline. And because of that, it’s going to be a problem because that’s a long time.”

As of Friday, the Palisades Fire was 31% contained and had burned 23,713 acres. Since Jan. 7, the Palisades Fire has killed 10 people and destroyed or damaged more than 3,500 structures.