In California, rising insurance premiums due to wildfire risks lead landlords to pass costs to tenants, exacerbating the housing crisis.

Rising insurance premiums in California due to wildfire risks result in landlords passing on costs to tenants, potentially worsening the state's housing crisis. These high costs impact single-family homeowners and multi-unit property landlords, who may turn to the FAIR Plan or exit the real estate market. Rent control measures limit landlords' ability to raise rents, and the ongoing threat of wildfires further complicates the situation.

August 17, 2024
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