Northern California fires

[Maria D'Aura]

How will the current fire situation affect real estate in Northern California? All the people with homes lost will need to go somewhere, even if they return after homes are rebuilt. It could take years. What has happened historically when this type of situation occurs? Will insurance companies rebuild quickly or sell off the land to new builders?

[Matt K.]

I can't see how it won't be crazy expensive and slow. Just from a labor/material standpoint Bay Area prices are already high because of all the new construction going on literally all over.