Rents likely to balloon in wake of L.A. wildfires, experts say (www.latimes.com)
from return2ozma@lemmy.world to losangeles@lemmy.world on 11 Jan 2025 09:28
https://lemmy.world/post/24146393

#losangeles

threaded - newest

chase_what_matters@lemmy.world on 11 Jan 2025 09:42 next collapse

Cool. FUCK.

halcyoncmdr@lemmy.world on 11 Jan 2025 10:10 next collapse

Demand goes up, so do prices. Supply and demand at work.

Regulation to prevent exploitation? Nah. This is America.

Anticorp@lemmy.world on 12 Jan 2025 03:10 collapse

L.A. actually has a lot of rent controlled apartments. My friend lives in a nice apartment in West Hollywood and his rent is $1,100 per month.

Fredselfish@lemmy.world on 12 Jan 2025 17:12 collapse

That’s fucked man. My 3 bedroom home cost less then that and I own.

Anticorp@lemmy.world on 12 Jan 2025 18:23 collapse

I doubt you live in West Hollywood, and if you do, then you bought a long time ago. $1,100 per month in WeHo is a great deal. A similar apartment without rent control would cost $5,500 per month.

Fredselfish@lemmy.world on 12 Jan 2025 19:44 collapse

Nope sure don’t wouldn’t want to. California yall fucked on the rent.

Anticorp@lemmy.world on 12 Jan 2025 19:47 collapse

I don’t live there, but it’s no different than any other major city in the world, except that they have a decent amount of rent control. Cities are super expensive to live in.

Brkdncr@lemmy.world on 14 Jan 2025 03:09 collapse

I’m considering moving out of LA and renting my place out to add to the housing market for 1-2 years. In order to make it work, i’ll need to set my rate about $1000/mo more than what “normal” has been for the last year. Am I a shitty landlord or am I helping? Before the fires I wouldn’t have considered it.