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This is America! It’s not a horrific tragedy with lives lost, many others seriously injured or afflicted with new long-term health problems, their most precious possessions reduced to ash, countless people being made homeless with absolutely no options for places to go… it’s an opportunity!
This is bad but it’s rich people fighting rich people - kind of as it should be.
You’re fucking cuckoo if you don’t think this is illustrative of a larger action that has/will also “trickle down” to the renters in studio apartments - “I came here to exploit human tragedy for profit and chew bubble gum… and I can’t chew bubble gum with this mouth full of caviar” -landlords in LA right now
I thought for a second this was the price to buy, that’s how fucked the market is.
T=HIS IS RENT!?!?!?!
For a year, right?
I live in a high cost of living area and still can’t wrap my head around even the original price. That’s nearly my yearly salary. What the fuck.
You don’t.
I don’t what?
If anyone has access to a genie wish, might I suggest:
“I wish any rental that saw the rent on it raised by more than twice the inflation rate, once it is no longer occupied, would instantly burst into flames and burn to ashes in a way that damages no other rental unit.”
Granted, landlords insurance pays for a new building and lost rent. Now renting it for even more money.
Except when it keeps burning down due to the ongoing wish and is no longer insurance.
The fire just never goes out. Engineers eventually harness it for nearly limitless power.
Landlord still profits.
Maybe for the first few, but after awhile it would be common knowledge that raising rents too much magically causes building to burst into flames. Insurance doesn’t cover intentional acts. If you deliberately burn your own house down, insurance isn’t going to cover that. Plus every insurance policy would exclude coverage for this sort of entirely predictable and preventable fire.
How can people afford this? To meet the 3x gross income requirement you’d need an income of $14,995 * 12 * 3 = $539,820. At that point you might as well just buy a house instead of renting.
The Palisades (where the largest fire is burning right now) house some of the wealthiest people in the country that just lost homes worth over $3 million on average. It’s scummy (maybe illegal?) to jack the prices up and these people are also rich enough to pay it, for the most part.
The other fires going on are a different story, but the address is near the Palisades without being in the danger zone.
Capitalism eating itself, rich people now homeless and can’t afford new homes
Yet
The winds are over and it’s 5+ miles away, Marina del Rey catching on fire is not what anyone is worrying about right now.
Well you can never rule out arson
I think it’s marketed to people who had a home and lost it.
That assumes someone will give you a mortgage and that you have multiple thousands of dollars saved up for closing costs, which unfortunately is the reason people are forced to look for rentals and are greeted with…that.
California is super expensive because everyone makes a lot of money compared to other state medians.
Yeah everyone does. That’s why there are no homeless people in California.
This is why Luigi must be acquitted.
Let’s
Execute
Landlords
Lol
No, LEL
Maybe the fire needs to spread to some areas.
