Rents will go up as thousands of displaced homeowners and tenants hit an already tight market, analysts and advocates said. Insurance costs, contracting and permitting are among the myriad of stressors added to L.A.’s housing challenges, many of which were already at risk of worsening.
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.