Oh they’ll be fine. They can afford plenty of real estate.

Yes but unlike most people, their losses do get covered by insurance.

Yes. That's the hubris of capitalism. Climate disasters don't discriminate based on class, but they are accelerated by the ruling class.

Pretty much. Just like when Malibu burned. My South LA ass isn't even close, although everything smells like campfire and if you have asthma (as many in poverty do) it's still dangerous.