Regardless of the cause of the LA Fires, Florida's hurricanes, or flooding in Western N.C., a transfer of wealth IS occurring.

Large amounts of CASH are needed as it is extremely difficult to get a mortgage for raw land.  The areas burned in LA are the most expensive R.E. in SoCal. Who can get that kind of cash? As of last night, Brentwood was on fire. I hope Scooter Braun's $65M mansion is ok.

How will the P&C Ins Cos pay for the billions in damages? Many insurers have already left these states or are currently canceling H.O. policies. How will the insurance hole, left by these actions, affect the housing markets in CA, FLA, and N.C.? 

If you can even renew your policy, the rates are exorbitant. If all the private companies leave or fail, you'll be dependent on the State-sponsored insurance, which is expensive and won't cover the total rebuild expense. Who's going to buy a house that can't be fully insured?

Will BlackRock, Vanguard, or Ares Management offer you enough cash to pay off your mortgage in a disaster? In that scenario, trying to rob Peter to pay Paul can lead to total ruin.

Maybe the government can help. Remember when Janet Yellen said that your debts would be "forgiven" but you'd have to surrender ALL your assets? (Not just the ones in default, like a typical bankruptcy). Why would Janet be thinking in those terms? Is the Treasury expecting a financial catastrophe in the US? Didn't the last Great Financial Crisis cascade from a crashing Housing Market? 

Is this just happening in the US? NO!
After the 2021 disastrous flooding in Germany and Belgium, or the terrifying flood in Spain this past October, or today's flood warnings in the UK & France, I have to ask, are these weather events natural or man-made?
What's the endgame?
Are we teetering on owning nothing?