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L.A.’s wildfires are making a tough rental market even more brutal. Here’s why

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The one-bedroom cottage with a woodsy vibe reminded Heather McAlpine of the home she lost to the brutal Los Angeles-area wildfires. But only two hours after seeing the listing, the rental was snapped up.

She is one of tens of thousands of people displaced by the fires who is now competing for housing in a region that is among the most expensive and competitive in the country, partly due to lack of supply.

McAlpine, had lived in her Altadena house for four years and is now staying with her boyfriend. She isn’t surprised by spiking rents.

“I know they’re expensive, and it sucks,” she said.

Tenants who were just getting by before the fires now face a daunting housing search after the January fires leveled entire neighborhoods. The L.A. fires destroyed more than 16,000 homes, businesses and other structures in upscale Pacific Palisades and working-class Altadena, where the U.S. Census reports 22% of homes were occupied by renters.

It’s hard to quantify exactly how the wildfires are affecting the rental market, but L.A. rents rose faster than prices nationwide........

© Fast Company