I don’t have a great deal to say about the fires raging, out of control, in Northern California. It’s a horrendous situation. They say that at least 17 people have lost their lives and at least 2,000 structures have been destroyed. Given the median home price of around $500,000 in the affected counties, expect the costs to run into the billions if not the tens of billions.
If this editorial at the Sacramento Bee is any gauge, expect the cost of living in California to get a lot higher soon.