The wildfire in California may wipe out $2 trillion of housing value in four counties, Redfin says. The wildfire in California that has destroyed 198,000 acres of land and more than 700 structures to date may also wipe out $2 trillion of housing value in four counties, according to a report Friday by real estate brokerage Redfin. Because of Southern California’s natural beauty and balmy climate, residents normally have coped with the dangers of such fires, but this year is “a turning point,” said Lindsay Katz, a resident and a Redfin agent in Los Angeles. Once a strong selling point, the rugged hillsides of Southern California are increasingly seen as a risk for the safety and value of homes, many of them in highly valuable areas. More: Dwayne ‘The Rock’ Johnson Picks Up $9.5 Million Georgia Farm The California Department of Forestry and Fire Protection, or Cal Fire, has […]