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Sat Oct 30, 2021, 12:30 PM

Renters get left behind after disasters as displaced homeowners duel for places to live

Three years ago, Pamela Lack thought she had found the house she would retire in.

The three-bedroom home in Paradise, California, was surrounded by old cedars and a large heritage oak, and had a backyard for her grandchildren and a guesthouse for her aging parents. Lack, a 64-year-old resident of nearby Chico, had savings from a previous home sale and had met with an accountant, and was ready to apply for a mortgage.

But in November 2018, before she could buy, the Camp Fire tore through Paradise, burning down the house, among thousands of others in the surrounding area.

ďAt first I thought it was a storm and went outside to look,Ē recalled Lack, whose family was living 12 miles away, in a rented house in Chico, at the time. When she got outside she realized what was happening and said she remembered thinking, ďOh no, this isnít going to be good.Ē

Their rental didnít burn, but what Lack didnít lose to the flames she lost to the effects. One week after the fire, their landlord received multiple offers from people looking to buy the house. With an overstretched market inflating the price by $100,000, the landlord decided to sell.

https://www.nbcnews.com/news/us-news/disasters-second-wave-renters-face-housing-aftershocks-floods-fires-rcna3924

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Reply Renters get left behind after disasters as displaced homeowners duel for places to live (Original post)
Jilly_in_VA Oct 2021 OP
tulipsandroses Oct 2021 #1
CountAllVotes Oct 2021 #2

Response to Jilly_in_VA (Original post)

Sat Oct 30, 2021, 12:41 PM

1. Yet we shouldn't act on climate change

SMDH

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Response to Jilly_in_VA (Original post)

Sat Oct 30, 2021, 12:44 PM

2. The overflow is heading northwest of there

Life on the coast is a nightmare these days.

There is a shortage of everything from rentals to doctors.

There are only so many people living here and it is designed as such.

People show up here searching for months for a place to live.

Those with money are the first to be accommodated of course while everyone else just waits and hopes.

Grim situation at best and inflation?

Inflation you say?

Oh yeah.



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