Rents will go up as thousands of displaced homeowners and tenants hit an already tight market, analysts and advocates said. Insurance costs, contracting and permitting are among the myriad of stressors added to L.A.’s housing challenges, many of which were already at risk of worsening.
  • NONEEspañol
    22•1 day ago

    One man’s horrendous tragedy is another man’s profit

  • @teamevil
    22•1 day ago

    How much you want to bet experts have connections with landlords?

    • @[email protected]English
      7•1 day ago

      Anyone with a brain could have told you they’d be price gouging the moment this happened…

      No connections needed

    • @Passerby6497English
      1•1 day ago

      Maybe they just pay attention? I saw this headline and thought “of course they will, never let a tragedy go to waste”

  • @rickdg
    28•2 days ago

    Capitalism always finds a way.

    • @pdxfed
      6•1 day ago

      Price gouging is good business. Bribing officials is good business. Collusion, vertical integration, and monopolies are excellent business.

      Just because something generates a profit doesn’t mean it should be allowed. With the social contract completely broken, there are no guardrails on what companies will do or what their employees have been taught they should do at all costs.

  • @Cheems
    13•1 day ago

    Capitalism is a disease

  • @Lost_My_Mind
    16•1 day ago

    Oh good. Just what LA needs. HIGHER rent…

    Pretty sure at this point it’s more expensive to be homeless in California, than to have a mansion in Ohio.

    I kid, I kid…but only because we both know Ohio doesn’t have mansions.