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Real Estate News
The Los Angeles City Council's Housing and Homelessness Committee rejected a proposal for a rent freeze, but advanced a series of eviction protections for people economically affected by the fires. The motion now heads to the full council.
The Los Angeles city attorney's office has filed a lawsuit against real estate firm Blueground, alleging it violated anti-price-gouging rules in place because of the fires.
The Los Angeles City Council on Tuesday approved a ban on evictions for unauthorized occupants if those extra residents were displaced by the Palisades, Eaton or other January fires.
In response to concerns that price-gouging laws were restricting the availability of housing, Gov. Gavin Newsom waived limits for high-end home rentals.
Business News
Audio manufacturer Sonos laid off 200 employees Wednesday. The layoffs come weeks after its CEO was removed and a controller app update went awry last year.
Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.
Efforts to overturn existing government regulations must pass the 'arbitrary and capricious' test. Trump failed it, big-time, throughout his first term.
Especially if they come with reductions to Medicaid, food stamps and other safety net programs, the policy will make the rich richer and leave most worse off.