Xander Snyder mentions that while there is a threat of fires and evacuations affecting availability, it also creates a surge in rental prices due to limited supply.
He points out that immediate price gouging is occurring, with some landlords taking advantage of the situation, although it's illegal and being reported.
Snyder highlights the potential long-term impact, suggesting that as people leave LA post-incident, the rental market dynamics will significantly shift, leading to upwards pressure on rents.
According to Snyder, estimating the housing units affected has been complicated, but he anticipates a significant portion of LA's housing stock, approximately 1-1.5%, may be impacted by the fires.
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