PropertyResidentialProperty marketPrint articleReal estate vultures eye middle-class enclave of ravaged LALos Angeles has gone through waves of gentrification. The wildfires could push residents grappling with an affordability crisis to the brink.Michelle Ma, Jennifer Epstein and Kelsey ButlerJan 16, 2025 – 12.54pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginDanielle Neal is a fourth-generation resident of Altadena who saw the house she grew up in and the home she rented burn down in the wildfires that swept through Los Angeles County.Ms Neal, 30, said her aunt and uncle, who lived in the family home, have already been deluged by parties looking to purchase the still-smouldering ruins at a steep discount.Loading...BloombergSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreProperty marketCalifornia bushfiresUSAProperty investmentLatest In ResidentialFetching latest articlesMost Viewed In PropertyThe Australian Financial Review Magazine‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetLauren SamsThis Brisbane restaurant deserves a Michelin starHow Ozempic and other GLP-1s are transforming much more than just waistlinesBOSS Financial ReviewCan you take an extended career break and not hurt your career?Hannah TattersallGen Z doesn’t do water cooler chat. Here’s what bosses should doHow skateboarding helps this director switch offLife & LeisureInside the Big Bang watch party in GenevaLuke Benedictus and Matthew DrummondGo retro with a new Steve McQueen watch and Van Cleef’s rarest jewelsHow to lift your way to a longer lifeRich ListBillionaire furniture mogul’s $12m hinterland retreat smashes recordBonnie CampbellApartment prices in record jump to $19,000 per square metreCettire recruits Accent shoe chief Daniel Agostinelli to its board
