Thousands of families fleeing the ongoing gas leak near Porter Ranch for temporary homes have new problems: a low housing supply and sky-high rents.
Some landlords in nearby Woodland Hills and Northridge have jacked up rents since the gas leak was discovered in late October in Aliso Canyon. One four-bedroom home in Northridge is advertised on Craigslist for $8,500 as a "Huge Estate House Available, Perfect for Families Affected by Gas Leak."
Allen Brodetsky, president of Boutique Realty in Tarzana, said, "Where rental prices would normally go between $3,000 and $4,000, now landlords are asking $7,000, $8,000, $9,000 -- double, triple the rent of what it should be."
Brodetsky said that the rental market around Porter Ranch has gotten so hot that some home sellers, including a neighbor of his, have taken their houses off the market and put them on the short-term rental market.