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Devastating wildfires are still raging throughout the city of Los Angeles. They have displaced more than 100,000 residents in just a few weeks, leaving families without homes and communities in ruins.
One three-bedroom home in the neighborhood of Mid-City was previously listed at $5,500 per month. Just two days later, its listed price skyrocketed to $15,000 per month. Another property in Santa Monica saw its rent leap from $12,750 to $28,000 — a 119% increase.
These practices are an attack on basic human decency. Housing is a fundamental need, especially during or after a disaster. Families who've already endured the trauma of losing their homes are now locked in bidding wars, with some offering astronomical sums like $1.5 million upfront for rental properties, only to still lose out and have nowhere left to go.
If this exploitation is allowed to continue, it sends a dangerous message: that landlords can profit off the suffering of displaced families with impunity.
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