It’s a make-or-break moment for housing in California
As fires continue to rage in and around Los Angeles, burning more than 40,000 acres since last week, destroying more than 12,000 homes and other buildings, and killing at least 25 people, two things are becoming clear: California must rebuild quickly, and it must rebuild differently.
Housing affordability and availability in Los Angeles, and California more broadly, were already at a crisis point even before the fires broke out.
Since January 7, tens of thousands of families have been forced to evacuate and are now rushing to find places to live. Many were stunned to realize there are virtually no rental options available to them, even when they’d be willing to pay large sums of money to stay in the area.