Fires, earthquakes and natural disasters still occur in many parts of the world, but they have never been considered risks in the real estate business because such incidents are so rare. We cannot take advantage and rely on this accident and say that investing in cryptocurrencies is safer than real estate, and people will abandon real estate to invest in bitcoin.
Real estate will always be the safest and best investment, and it will never go out of style because the demand for it is always the greatest. It won't become less attractive just because of the fire in Log Angeles.
The biggest barrier to real estate is that if someone wants to own or invest in it, it requires a huge amount of capital and not many people can do that.
Here we have no basic information why OP is asking about this just because everyone is giving own views about things which he understands having better opportunities for increasing money or having good profit. Basically cryptocurrency is surely having huge hype these days but risk is also always high.
Investing in real state is also good while it depends on many factors which we can understand better in our judiciary where we are living, or we are having better information about area or land like while we are also having many other things from where we can have good profit but mostly needed some search and work as well without this it's not possible.
While in few posts we also have many fields and departments which are giving good profit or income but it still needed work or search without this we are not able to have any penny which is reality.