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Rancho Palos Verdes Homes Plummet in Value Amid Landslides

3/21/2026

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Summary

Story summary

Landslides in Rancho Palos Verdes trigger severe property devaluation, threatening homes.
Residents blame Governor Gavin Newsom for vetoing Assembly Bill 986, which would expedite emergency responses.
Peter Pettler reports his property's value fell from $2.5 million to $515,000.
FEMA funds remain mired in bureaucracy, leaving residents without needed support.
Essential services are disrupted, with homes at risk of collapsing into the Pacific Ocean.

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Story summary

Landslides in Rancho Palos Verdes trigger severe property devaluation, threatening homes.
Residents blame Governor Gavin Newsom for vetoing Assembly Bill 986, which would expedite emergency responses.
Peter Pettler reports his property's value fell from $2.5 million to $515,000.
FEMA funds remain mired in bureaucracy, leaving residents without needed support.
Essential services are disrupted, with homes at risk of collapsing into the Pacific Ocean.