'Sick' LA landlords hike rent while wildfires rage and victims left homeless
Real Estate
Rental property prices in the greater Los Angeles area have surged amid to the ongoing California wildfires, leaving many residents who lost their homes in a desperate search for new accommodation. Reports from US media reveal that a review of Zillow listings shows rents on numerous properties in LA's Westside have skyrocketed by 15 per cent to an astonishing 64 per cent since Tuesday when the fires began. Michael Nourmand, a real estate broker, told the Los Angeles Times that he believes
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