Crypto News: What LA's fires mean for the city's housing crisis

As firefighters gain control of the wildfires that have swept across Los Angeles, officials are pledging to quickly rebuild and have put forth executive orders to streamline the process. That suggests LA's recovery could follow many of the same contours and constraints of the past, frustrating advocates who believe a business-as-usual approach stands to deepen the region's ongoing housing affordability crisis.

Already, rent spikes across LA will put the squeeze on the local tenant population. And for homeowners, rebuilding is likely to be hampered by higher material costs, workforce shortages and new insurance and property tax burdens. Advocates and experts say the fires should serve as a wake-up call for a broader rethink, contributor Patrick Sisson reports. Today on CityLab: What LA's Fires Mean for the City's Housing Shortage

— Linda Poon

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What we're reading

Trump's order to cut off funding to sanctuary cities could threaten LA fire relief (Los Angeles Times)
Rebuilding Gaza will be a massive project. Here are 5 things to know (NPR)
The strange loophole that transformed Berlin from tenant's paradise to landlord's playground (Guardian)
Restaurant workers bring unique skills to the LA fire crisis ( New York Times)
In the ladies' loo (JSTOR)