Supply-demand imbalance from fires stokes LA rent price-gouging
Briefly

"Tami Pardee remarked that the intense competition in L.A.'s rental market reveals the true nature of individuals, as supply dwindles and demand escalates."
"With rents forecasted to rise between 8 and 12 percent, the rental landscape in Los Angeles is tightening, particularly for listings between $5,000 and $15,000."
"Sheriff Robert Luna highlighted the drastic impact of recent fires, with 180,000 people under evacuation orders, exacerbating the already challenging housing situation."
"Jamie Lane noted that historical events like the Maui fires provide insight into how increased demand may affect Los Angeles's rental market due to external challenges."
Read at therealdeal.com
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