Following the devastating wildfires in Pacific Palisades and Pasadena/Altadena, some landlords in Los Angeles are exploiting the situation by raising rental prices as high as 80 percent. This price gouging, which remains illegal in California, has seen properties jump to exorbitant rates, with one Bel Air property increasing from $15,900 to $29,500 per month. The state's Department of Justice urges residents to report any instances of price gouging.
Renters in Los Angeles could face predatory and illegal price gouging following the horrific wildfires that have displaced so many people in both the Pacific Palisades and Pasadena/Altadena. price gouging in the wake of an emergency disaster, some landlords in the Los Angeles area have already exploited the situation by raising rental prices sometimes high as 80 percent, including one property in Bel Air jumped all the way to $29,500 per month from $15,900 per month.
Price gouging in the wake of an emergency remains illegal in California and Attorney General Rob Bonta has encouraged residents to report any cases.. “During the L.A. wildfires, this might look like hotels charging more than their usual rates for evacuees seeking a room or a grocery market, hugely increasing the price of bottled water.
Wildfires Price Gouging California Los Angeles Rental Market
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rams vs. New York Jets: Live updates, start time, how to watch and oddsGary Klein covers the Los Angeles Rams for the Los Angeles Times.
Read more »
Los Angeles Restaurants Face Mass Closures in 2024The article reports on the unprecedented number of restaurant closures in Los Angeles during 2024. It highlights various economic factors contributing to this trend, including rising minimum wage, insurance costs, pandemic-related debts, entertainment industry strikes, and inflation.
Read more »
Man to Face Charges After Shooting Two Security Guards in Downtown Los AngelesA 26-year-old man, Jabril Metoyer, is expected to be charged with shooting two security guards outside a Target store in downtown Los Angeles. Metoyer was arrested after a standoff with SWAT. The shooting occurred during a confrontation with a man attempting to leave the store with stolen merchandise.
Read more »
Hawks Face Clippers in Los AngelesThe Atlanta Hawks look to rebound from a poor three-point shooting performance against the Clippers in Los Angeles. Kawhi Leonard's potential return adds another layer to the game.
Read more »
Key Matchups to Watch as Seattle Seahawks Face Los Angeles Rams in Season FinaleWhile the rematch doesn't have any significance in the standings, Jaxon Smith-Njigba and company will try to wrap up the Seahawks season with a road win in L.A.
Read more »
Hollywood Events Face Wave of Cancelations Amid Los Angeles FiresRed carpets have been largely scrapped through Thursday, and Friday's AFI Awards, Saturday's BAFTA Tea Party and Sunday's Critics Choice Awards have also been impacted.
Read more »