Wednesday, January 15

Tag: price-gouging

Jan132025 by adminNo Comments
LA Renters Hit With Massive Price Gouging During Wildfire Chaos

LA Renters Hit With Massive Price Gouging During Wildfire Chaos

General
Landlords in Los Angeles have actually been implicated of making use of the ravaging wildfires after raising leas for sought-after homes by countless dollars.Newsweek has actually called California Attorney General Rob Bonta's workplace for remark through e-mail.Why It MattersRate gouging by more than 10 percent after an emergency situation has actually been stated is prohibited in California. The reported walkings recommend these laws are being disregarded throughout a time of crisis in the city. A home burns throughout the blaze in Pacific Palisades, California, on January 8, 2025. Los Angeles lease rates are being raised to an unlawful level throughout the wildfires. AGUSTIN PAULLIER/ AFP/Getty Images What To KnowLos Angeles-based news outlets are reporting that rental real estate rate...
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Jan132025 by adminNo Comments
‘Selling Sunset’ Star Jason Oppenheim Exposes Landlords For Inflating Rent After L.A. Wildfires: ‘This Isn’t The Time to Be Taking Advantage’

‘Selling Sunset’ Star Jason Oppenheim Exposes Landlords For Inflating Rent After L.A. Wildfires: ‘This Isn’t The Time to Be Taking Advantage’

Entertainment
Celeb real estate agent and "Selling Sunset" star Jason Oppenheim is calling out the prohibited practices of price-gouging property managers. As fatal Los Angeles wildfires continue to ravage the Pacific Palisades, Malibu, Eaton Canyon and close-by areas, leaving countless individuals displaced and desperately looking for shelter, online discussion has actually turned to Los Angeles property owners who are benefiting from the emergency scenario. Oppenheim informed BBC about a customer of his who came down with cost gouging, a practice that is restricted in California if lease costs increase over 10% throughout a declared state of emergency situation. "I had a customer, we sent him to a home that was asking $13,000 a month," Oppenheim discussed. "He used $20,000 a month and ...
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