Southern California's expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay.
Southern California 's expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay.Already there are reports of rent-gouging, prompting elected leaders to issue stern warnings against the practice and pleading with the public to report unethical property owners who hike up rents above the allotted 10 percent cap.
People on social media are crowd-sourcing examples of egregious increases, and even inputting their findings into a shared Google document.Pedestrians help a firefighter stretch a hose as an apartment building burns, Wednesday, Jan. 8, 2025, in the Altadena section of Pasadena, California. AP PHOTOA four-bedroom, four-bath house in Encino, for example, seeking renters at $12,000 a month in December was re-listed Jan. 13 with a new price of $14,000.
Officials Warn Against Price Gouging As Rents Soar In Fire-Stricken Los Angeles
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