LA Rental Hits $40,000 a Month as Fires Roil Housing Market – Bloomberg
“The nation’s second-largest metro area has long been one of the least affordable US markets to buy or rent. Now the pressure is intensifying because the fires that killed at least 24 people also destroyed more than 12,000 structures, many of them homes. That’s creating a large new group of people up and down the income scale who suddenly have nowhere to live.”