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.
I don’t live there, but it’s no different than any other major city in the world, except that they have a decent amount of rent control. Cities are super expensive to live in.