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.
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Doesn’t matter of it was automatic or scheduled. After this fucking tragedy began, they should have immediately halted the raises. Anyone with a conscience would.