|(Photo from CBS)|
Despite the spectacular visuals the City was lucky: no lives were lost, and insurance will cover the damages. Downsides: "millions and millions of gallons of water" were used, and 172 apartments that would have relieved the pressure on San Francisco's tight housing supply won't come on stream for another two years.
It could have been worse. A pause. The boom continues. [Update - 3/14: Is San Francisco Overtaking NYC?]