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.
    • pdxfed@lemmy.world
      11·
      4 months ago

      Price gouging is good business. Bribing officials is good business. Collusion, vertical integration, and monopolies are excellent business.

      Just because something generates a profit doesn’t mean it should be allowed. With the social contract completely broken, there are no guardrails on what companies will do or what their employees have been taught they should do at all costs.

      • orcrist@lemm.ee
        2·
        3 months ago

        With no social contract, Luigi will become the norm. Because why not? When you’re at rock bottom there’s no place to go except up.

    • Bronzebeard@lemm.eeEnglish
      8·
      4 months ago

      Anyone with a brain could have told you they’d be price gouging the moment this happened…

      No connections needed

    • Passerby6497@lemmy.worldEnglish
      1·
      4 months ago

      Maybe they just pay attention? I saw this headline and thought “of course they will, never let a tragedy go to waste”

  • Lost_My_Mind@lemmy.worldBanned from community
    221·
    4 months ago

    Oh good. Just what LA needs. HIGHER rent…

    Pretty sure at this point it’s more expensive to be homeless in California, than to have a mansion in Ohio.

    I kid, I kid…but only because we both know Ohio doesn’t have mansions.

    • orcrist@lemm.ee
      3·
      3 months ago

      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.