On the bright side, this might spell the end of Hollywood.
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Yes!
I wonder if the HOLLYWOOD sign is still there.
“ I wonder if the HOLLYWOOD sign is still there.”
I saw a video on YouTube of it being totally consumed by fire.
It's still there--the fires are miles away.
If it is it will probably come down with the mudslides.

Totally not a faked image.
Pacific Palisades will be rebuilt, to be sure. Whatever else, it was what it was because it was prime land. I'm sure the folks at Blackrock, Vanguard, and State Street are salivating at the prospect of turning the place into a rent mine but that doesn't really address just how much habitation the place can support even with good infrastructure management which looks to be nowhere on the horizon. The brush will still grow and the wind will still blow.
I singled out the Big Three because rebuilding is going to take a load of loot and that's where the money is. The fight over zoning and building codes is going to be an epic struggle of bureaucrats dazzled by the prospect of their slice off the top, and as long as the people involved continue to be the ones who are now, that isn't much cause for optimism. There is hope, though. I hear there's a guy in DC who is an experienced real estate developer. Maybe they should listen to him.