> California seems to have no long-term strategy, FAIR rates are unreliable, and even insurability may be a question in 10 years.
I don't know of any way that you can credibly isolate those concerns from the other supply and demand factors going on in Los Angeles. It's such a unique market. I would say buyers/sellers are pricing in fire risk like they always have earthquake risk. You probably see a lot of scared buyers right after a high profile incident, but after not too long it's not top of mind for most people.