Santa Monica Fire evacuees seek homes

This is a Eaton Canyon news story, published by Condé Nast, that relates primarily to Gavin Newsom news.

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Condé Nast

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Science

Out of the Fire and Into a Real Estate Nightmare

Summary

Nutrition label

71% Informative

The Palisades and Eaton Canyon fires have destroyed 12,941 homes in Los Angeles .

The city was in the midst of a housing and homelessness crisis even before the flames erupted.

Real estate agents say friends and clients intend to move south to Manhattan Beach , north to Santa Barbara , or even as far as Aspen , Austin , or New York City .

Some landlords have raised their prices over 30% since the fires started on January 7 .

Governor Gavin Newsom has extended the state’s emergency protections for tenants.

Landlords and businesses that increase the rent over 10% could face up to a year in jail, a $ 10,000 fine, or both.

A recent study of the December 2021 Marshall fire in Colorado suggests that many more people will soon discover that they’re underinsured and might not have enough money to build a new home.

Nobody seems to know how nearly 13,000 homes are going to be rebuilt in anything like a timely fashion.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech