On January 7th, the Palisades and Eaton fires erupted in Los Angeles, killing dozens of people, displacing tens of thousands, and destroying more than 15,000 structures. What will this mean for housing affordability in the already-strained region? Hannah Hennighausen joins to share her research on the 2018 Camp Fire's effect on housing prices and migration, and its lessons for LA and other cities threatened by natural disasters.

Show notes:

• Hennighausen, H., & James, A. (2024). Catastrophic fires, human displacement, and real estate prices in California. Journal of Housing Economics, 66, 102023.
• Episode 85 of This American Life, “When the Beasts Come Marching In.”
• CAL FIRE fire hazard severity zone viewer (interactive map).
• 99% Invisible’s “Not Built For This” podcast episode on the Camp Fire’s ripple effect beyond the fire’s perimeter.
• Reporting from local journalist Alissa Walker on volunteers identifying cases of rent-gouging following the LA fires.