Greedy LA landlords and realtors accused of price-gouging rent by as much as 134% after devastating fires

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Greedy LA landlords and realtors accused of price-gouging rent by as much as 134% after devastating fires


Money-hungry landlords and realtors have been accused of jacking up rent prices in the Los Angeles area – some by more than double – after devastating wildfires left thousands of residents homeless and displaced. Even as the catastrophic Palisades blaze continues to ravage the city and devastate residential neighborhoods, opportunistic landlords have swiftly raised rental rates by as much as 134 percent, according to listings reviewed by DailyMail.com. The shocking increases have occurred despite an emergency declaration by California Gavin Newsom which bans price gouging above 10 percent of pre-disaster prices, carrying penalties of up to a year in jail and a $10,000 fine.
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