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.
  • @rickdg
    37•15 days ago

    Capitalism always finds a way.

    • @pdxfed
      11•15 days 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.

      • @[email protected]
        2•14 days ago

        With no social contract, Luigi will become the norm. Because why not? When you’re at rock bottom there’s no place to go except up.

  • @teamevil
    28•15 days ago

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

    • @[email protected]English
      8•15 days ago

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

      No connections needed

    • @Passerby6497English
      1•15 days ago

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

  • NONEEspañol
    23•15 days ago

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

  • @Lost_My_Mind
    21•15 days 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.

  • @Cheems
    17•15 days ago

    Capitalism is a disease

  • @skizzles
    10•13 days ago

    Every single person (or company CEO) within 100 miles that has raised rent after the wildfires started should be fined their entire previous years income (not their profit, every single dollar that was paid to them), and put in prison for a at least one year. That fine should go to a relief fund to help the people that need it.

    They (and their immediate family) should also be barred from owning more than one property and ever renting out property again. Their business should liquidated and all assets sold off and the funds from that added to said relief fund.

    Unless they can 100% prove that the raise in rent was either automatic and scheduled before a certain period and below a certain threshold.

    Edit: Spelling. Changed our to out.

    • @[email protected]
      3•14 days ago

      Doesn’t matter of it was automatic or scheduled. After this fucking tragedy began, they should have immediately halted the raises. Anyone with a conscience would.

  • eightpix
    6•14 days ago

    Listened to a whole podcast about this with the Paradise Fire. Great reporting, a documentary approach.

    Fittingly, this episode of 99% invisible is amid a 6-episode stretch on climate.