Can LA Real Estate Shape Building Codes in Fire Rebuild
The Agency's Jon Grauman, Revel Real Estate's Ben Bacal, Oppenheim Group's Jason Oppenheim, The Agency's Ben Belack and Crest Real Estate's Jason Somers
Some of Los Angeles real estate’s biggest names are hoping the industry can activate around fire rebuilding efforts.
At stake is the fabric of communities in which many of them live and do business.
If a home has been listed in the last 12 months and is now available for a lease of 12 months or less, the price cannot be more than 10 percent above what it was last marketed for.
If a home had not been listed for lease in the past 12 months, pricing must be 160 percent of fair market value as determined by the U.S. Department of Housing and Urban Development.