You mean the climate that is regularly on fire these days?
In most years, the Valley barely sees any disruption from forest fires (although people who live on the periphery will disagree with me here).
Last year's fires have definitely cast a shadow over what the future holds, particularly for folks who have chosen to live in the Santa Cruz Mountains. The biggest disadvantage for SC people was a mildly inconvenient and somewhat dangerous drive down Highway 17 for access to SV proper, versus the advantage of beach access and housing that was a shade more reasonable in its cost. That equation has now changed, perhaps irrevocably, because of the fires of last year.
And, as climate change continues to get worse, they'll eventually be seen as unremarkable.