Looters and Flames…
Thursday, 13 Mar 2025
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I was going to say that historically prices go down after fires like this because more land is available again… but then I realized that having space available was not the problem in the USA
Poverty exists not *because we* cannot feed the poor, but *because we* cannot satisfy the *rich*
Does this mean the poor will be suffered even more because their house got burned down?
This is why I have no sympathy for landlords.
Shoplifting has a minor effect on the price of goods….WE NEED IMMEDIATE ACTION! JAIL FOR EVERYONE!
Real estate developers buying up the buildings and the land and doubling the rent…so what, it’s called economics!
Also there is a white Honda civic in the car park with there lights on so rent is going up
It’s a harsh reality that disasters often benefit those already in power. The cycle of exploitation just keeps rolling. The real tragedy is that the vulnerable get hit hardest while the greedy cash in on the chaos.
Just think about this for a second. Costs haven’t gone up. There are no more expenses. But they are charging more?
Why?
Because they can.
For no other reason than that they can they’re going to force people whose houses are burned to the ground to spend more money and get even richer than they were before.
And where are the Democratic mayor and governer and city governments to pass laws to prevent rent from going up?
Crack down on slum lords.
After the Lahaina fire, the Governor put a moratorium on rent increases to keep victims from getting gouged. This is still in effect over a year later.
Everything is an excuse to raise prices, huh?
Yesterday somebody posted quite a few property listings with their history. Landlords were doubling their rent. Many examples were offered.
Rents were impossible before.
Also insurance premiums will sky rocket.
Both the comeback and the rent prices are on fire!
Ahh the perfect example of being capitalist, until it becomes your own problem, than suddenly socialism is not that bad.
Think about all the landlords & corporate owned homes…
personally, I’d want/expect to pay less if I was buying in an area that’s prone to burning down.
I’d expect insurance to go up though.
Supply went down while demand remained the same. Prices go up under those circumstances. It’s not greed, it’s basic economics. It’s the same reason places like California have housing affordability problems to begin with: people want to live there but their local governments are very restrictive with zoning, inflating the cost of housing by reducing availability.
Wow what a time to act human and help others. *landlords aren’t human*
“That’s capitalism baby!” – L.A.’s Landlords
The rich are looting the poor. Eat the rich.
Maybe I’m dumb. Can someone ELI5?
Lol i don’t think people understand how supply and demand work
The real looting, probably in the billions, are rents going up, insurance trying to pay the least amount and developers making cheap offers to desperate people.
What’s the looting comment referring to? Is there some purported looting that’s being pushed forward in the media?
So let me get this straight. The land is
– expensive to begin with
– currently extra crispy
– prone to further fires
– insurance is rare and expensive
and this is somehow improving the land’s value?
Most of those properties were probably just airbnbs to begin with
Set fire to your landlords house. LA is already on fire whos going to notice
It’s a supply side issue- sorry keyboard warriors. If you get 10 applicants for your unit vs 1; the rent is what the competitors says it is. You all would take the highest bidder- and I know any response contrary is a lie. Zoning and NIMBYs are the villains here , not landlords. We need more housing to increase supply.