Here’s what “The Rent Brigade” found after combing through 1,343 Zillow posts that appear to have broken California’s ban on post-fire price gouging.
The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” according to Zillow. Taking the top spot in the ranking is Buffalo, New York, followed by Indianapolis and Providence, Rhode Island.
A five-bedroom home in Santa Monica, previously listed at $12,500 per month a year ago, was recently relisted at $28,000 per month — a 124% increase
Newsweek found properties that jacked up their prices during the California wildfires raising concerns of potential price gouging.
Within the week since Los Angeles’s worst-ever disaster began, rent gouging has become a crisis on top of the crisis. It’s against the law to increase a rental price by more than 10 percent once a state of emergency has been declared;
Because California is in a state of emergency, laws targeting price-gouging, including a ban on landlords raising rents by more than 10 percent of pre-emergency levels, should be in effect. But that hasn't deterred some landlords from apparently raising their rents by far more than that,
The most straightforward component of damage is the number of structures damaged or destroyed, currently about 12,000. That's fewer than the 18,000 felled by the Camp fire in Northern California in 2018,
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Tenant advocacy groups, landlord associations and elected officials are condemning rent gouging after tens of thousands of people were displaced in deadly fires this month.
High-end grocery chain Erewhon, known for its celebrity collaborations and clients in LA, is opening three new Southern California stores.
The emergency law caps rents to a ‘fair market value’ determined by HUD, but the caps are so low that many high-end homeowners are delaying putting