What fraction of houses in California are really exposed to wildfire loss? Primarily those outside of the major cities. Inside the cities? 1% of LA? And even in

What fraction of houses in California are really exposed to wildfire loss? Primarily those outside of the major cities. Inside the cities? 1% of LA? And even in the worst fire season, how many of those houses are lost? 100? What percentage of houses in California are in rural areas? 30%? And if those houses drop from $400k to $300k because the owner now has to pay market rates for fire insurance, then that’s going to destroy the economy? That’s an overall 7.5% drop in the housing stock value. This article appears to overstate the risk.