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The Los Angeles County Department of Consumer and Business Affairs (DCBA) warned businesses not to price gouge during a declared emergency. Prices for goods and services -- including hotel rooms ...
The Los Angeles area wildfires that have devastated communities like Pacific Palisades and Altadena have prompted a spike in prices for rental housing, spurring price gouging concerns.
In the Beverly Grove neighborhood of Los Angeles, the asking rent for a two-bedroom condo jumped from $5,000 to $8,000 in the wake of the fires that started last week and have left thousands homeless.
California law prohibits price-gouging after an emergency has been declared, meaning that individuals and businesses cannot increase the price of goods and services such as gas or rentals by more than 10% from before the emergency was declared. Price-gouging is a misdemeanor punishable by up to a year in jail and $10,000 fine for each violation.
In 2024, the California Housing Partnership reported nearly half a million low-income households didn’t have access to an affordable home, adding Los Angeles renters need to earn $48.04 per hour ...
Hospital courier Marcela Banuelos, 24, watched flames engulf the $1,200-a-month studio apartment she rented in Altadena, where she lived with her Doberman, Diabla.
In Los Angeles’ high-end rental market, it’s long been common to find homes advertised for $10,000 a month or more. ... At issue is California’s price-gouging law, which limits rent ...
Jason Oppenheim has accused Los Angeles landlords of illegal rent hikes amid the wildfires. California law prohibits rent increases of over 10% after an emergency is declared.