plus the home insurance crisis in CA which will only get worse


Bell_curve

https://laist.com/news/housing-homelessness/attorney-general-charges-rent-gouging

CA attorney general is more concerned with price gouging than looting.

Criminal complaint.  Max penalty is one year in jail and $10,000 fine.  Most people can pay the fine but jail is harsh.


Complaints about price gouging already started 

SimpleStacker

One thing that would worry me in the current climate is once the public starts howling about housing shortage / high prices, the local gov is going to clamp down on landlords for "price gouging".

This shortage could go on for longer than we expect....so prices may continue to rise. Hard to know whats right move, but I guess if you have a chance to make an outsized profit right now maybe its best to take it.

econ

Renting a townhouse in Los Angeles is officially out of control

One thing that would worry me in the current climate is once the public starts howling about housing shortage / high prices, the local gov is going to clamp down on landlords for "price gouging". 

This shortage could go on for longer than we expect....so prices may continue to rise. Hard to know whats right move, but I guess if you have a chance to make an outsized profit right now maybe its best to take it. 

