LA wildfires didn’t lead to soaring Southern California rents

Why didn’t Southern California rents soar after last year’s horrific wildfire destroyed roughly 12,000 structures?

My trusty spreadsheet reviewed rental stats from ApartmentList, which tracks costs by combining federal housing figures and pricing patterns from its own listing service for 49 cities in the six-county Southern California region. The stats include both apartments and rental homes.

Population-weighted averages of rentals across all sizes were used to track local markets...