Newsweek found properties that jacked up their prices during the California wildfires raising concerns of potential price gouging.
“just a quick scan of zillow reveals a few egregious instances of price gouging by landlords and agents. this is illegal,” someone else noted, highlighting one listing that was originally priced at $7,500 per month in late October and as of Jan. 11, went up to $11,000.
Because California is in a state of emergency, laws targeting price-gouging, including a ban on landlords raising rents by more than 10 percent of pre-emergency levels, should be in effect. But that hasn't deterred some landlords from apparently raising their rents by far more than that,
California Atty. Gen. Rob Bonta announced charges against a La Cañada Flintridge real estate agent for allegedly raising the price of his rental by 38% after L.A.'s wildfires.
Landlords in fire-ravaged Los Angeles have jacked up rents — in some cases by more than double the price — in violation of California law against price gouging as thousands of residents seek shelter.
With so many people displaced and looking for rentals, the region’s housing options could grow even scarcer and more expensive.
Tenant advocacy groups, landlord associations and elected officials are condemning rent gouging after tens of thousands of people were displaced in deadly fires this month.
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.
California Atty. Gen. Rob Bonta announced charges against a La Cañada Flintridge real estate agent for allegedly raising the price of his rental by 38% after L.A.'s wildfires.
Our phones are blowing up from LA residents looking for rentals,” said agent Scott Grigg of Griggs's Group Powered by The Altman Brothers.
The former all-area high school football player from Dunlap has built a life in California with his wife. The recent wildfires destroyed their home.
South Korea's anti-corruption agency requested on Thursday that prosecutors indict President Yoon Suk Yeol for committing insurrection and abuse of power over his short-lived declaration of martial law after transferring his case to the prosecutors' office.