California officials warn against price gouging as rents soar in fire-stricken Los Angeles
Displaced Los Angeles-area residents face spiking rents as authorities warn of price gouging
 · 3dHosted on MSN
Los Angeles Wildfires Spark Housing Crisis as Rents Soar and Price Gouging Grows
The insurance landscape is also a growing concern for homeowners, as insurers withdraw from high-risk areas, leaving homeowners without coverage or facing higher premiums.
Zillow price hikes on L.A. rentals used to ‘name and shame’ landlords attempting to profit off fires
“just a quick scan of zillow reveals a few egregious instances of price gouging by landlords and agents. this is illegal,” someone else noted, highlighting one listing that was originally priced at $7,500 per month in late October and as of Jan. 11, went up to $11,000.
Rents skyrocket in LA as displaced people look for new places to stay
Fires in Los Angeles have destroyed thousands of homes, leaving families scrambling for long-term shelter in the face of uncertainty. Real estate listing websites such as Zillow have shown many properties taken off the market during the fires, only to be put back on the market for thousands more than they were originally listed for.
LA wildfires create spike in rent prices, forcing rental listing sites to act
Sites that host rental listings in the Los Angeles County area are scrambling to address rent gouging amid the destructive, deadly wildfires ravaging the region.
Amid claims of price gouging, agents say not all are “bad apples”
Angelenos lambast agents and landlords, but some change rates to fix tech glitches or adjust terms, others to profiteer.
Curbed on MSN3d
Los Angeles Rents Are Going Up By The Hour
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;
Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.
Seattle Times9d
Los Angeles already had a housing shortage. Wildfires will make it worse.
That will not be easy in a metro area that, as of 2022, already had a shortage of about 337,000 homes, according to data from Zillow. The number of homes on the market in Los Angeles was 26% below prepandemic norms as of December, according to Zillow.
US Weekly on MSN4d
Jessica Simpson Puts Los Angeles Home Back Up for Sale, Slashes Price Amid Eric Johnson Split
Jessica Simpson placed her L.A. home on the market at a lower price amid her split from Eric Johnson and the ongoing wildfires
Wildfires Will Deepen Housing Shortage in Los Angeles
With so many people displaced and looking for rentals, the region’s housing options could grow even scarcer and more expensive.
LAist7d
Asking rents skyrocket as LA fires destroy homes
LAist spotted one Zillow listing for a furnished home in ... from $11,500 per month to $9,800 after a journalist with the Los Angeles Times asked why the asking rent had risen nearly 28% in ...
LAist7d
Post-fire rent spikes
LAist spotted one Zillow listing for a furnished home in ... from $11,500 per month to $9,800 after a journalist with the Los Angeles Times asked why the asking rent had risen nearly 28% in ...