Homes that burned in the Eaton Fire in Altadena are being disproportionately bought up by corporate developers, according to a recent analysis by nonprofit researchers.

Of 241 properties sold through September, more than half went to corporate developers, mostly in West Altadena, according to Strategic Actions for a Just Economy, or SAJE.

“ It's a textbook example of disaster capitalism, where people are targeted while they're grieving and overwhelmed,” said Iris Craige, assistant director of policy and research at SAJE and an author of the report.

What the numbers say

The most recent SAJE report analyzed parcel ownership before and after the Eaton Fire, finding that before the fire, 1,955 Altadena properties were owned by corporate entities. That’s compared to 7,645 individually o

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