Altadeneans, Legislator Call for $200 Million From State to Stem Corporate Speculation in Eaton Fire Zone

Altadeneans, legislator call for $200 million from state to stem corporate speculation in Eaton fire zone

From the parking lot of an Altadena staple, residents who lost everything in the Eaton fire called on Gov. Gavin Newsom to use the upcoming state budget to defend the town from corporate speculation of local property. State Sen. Sasha Renée Pérez stood alongside about 30 residents at Fair Oaks Burger on Thursday advocating for $200 million to be allocated toward a fund that would help local nonprofit organizations purchase fire-damaged housing a…

Eaton Fire victims call on state to stop real estate speculation: 'This is family legacy'

According to activists, over the last three months, nearly 50% of the 94 post-fire property sales have been to corporate entities, not to local homeowners.