Los Angeles wildfires displace thousands, worsen housing shortage, and push rents higher.

The Los Angeles wildfires, affecting over 150,000 people, are worsening the city's existing housing shortage. With nearly 2,000 structures destroyed, the fires have displaced thousands and increased demand for temporary housing, causing rent prices to rise. Governor Newsom declared a state of emergency, providing price gouging protections for up to 30 days. Airbnb.org and local hotels are offering temporary housing solutions, while insurance companies must provide four months of rent for those whose homes were destroyed.

January 09, 2025
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