After natural disasters, families often face immense pressure to sell. Into this vulnerable window steps a wave of acquisitions, often quiet and fast moving, led by companies with opaque ownership structures. In Altadena specifically, since the fire, nearly 150 damaged properties have been sold in this close-knit foothill community just northeast of Los Angeles. After combing through public records and deed filings, yoonj_kim discovered that of those post-fire home sales, at least 50 percent were purchased by corporate entities. Even more striking, 42 percent of those sales are now held by just six companies, each of which has acquired four or more homes. While this sample size is limited, the concentration of ownership points to a pattern of land consolidation that warrants attention—particularly in a community still recovering from disaster. Learn about all six corporations at the link in our bio.
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Illustrations by peter.oumanski
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