Los Angeles landlords jack up rent by as much as 124% amid LA fires

1 day ago · Landlords in Los Angeles are taking advantage of the reduced housing supply and jacking up rent. AP. But last week the listing reappeared with a new price — $39,000 per month.

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Los Angeles Landlords Jack Up Rent By As Much As 124% Amid LA Fires

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1 day ago · Landlords in Los Angeles are taking advantage of the reduced housing supply and jacking up rent. AP. But last week the listing reappeared with a new price — $39,000 per month.

nypost.com

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Los Angeles Landlords Jack Up Rent By As Much As 124% - Yahoo

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1 day ago · Los Angeles landlords jack up rent by as much as 124% — flouting price gouging laws during deadly wildfires ... in West LA surged by between 15% and 20% overnight. ... by …

yahoo.com

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In Wake Of LA Fires, Rent Gouging Is Illegal. But It's Happening.

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1 day ago · Property owners may not jack up rental costs more than 10% in the wake of a disaster like the LA fires. Here's what tenants need to know.

usatoday.com

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Amid Fires, Signs Of Rent Gouging Proliferate ... - Los Angeles Times

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14 minutes ago · 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 …

latimes.com

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Asking Rents Skyrocket As LA Fires Destroy Homes | LAist

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3 days ago · One agent reportedly lowered the asking rent on a property in Encino from $11,500 per month to $9,800 after a journalist with the Los Angeles Times asked why the asking rent …

laist.com

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LA Landlords Hike Rent As Much As 124% As Fires Force

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37 minutes ago · Santa Monica rental listed for $12,500 in Feb. 2024 was going for $28,000 before the listing was pulled. A search of local listings by several outlets reveal several …

zerohedge.com

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LA Tenants Are Facing Rent Hikes Of Up To 6%; City Officials ... - LAist

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Dec 24, 2024 · That rent freeze lasted much longer than in many other cities, leading to an outcry from landlords who said their expenses during that time were rising sharply. The City Council …

laist.com

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LA Could Cap Rent Hikes Next Year To 2% Under New City Rent ... - LAist

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Nov 8, 2024 · Los Angeles housing officials have released a long-awaited report recommending changes to the city’s rent control policies. If adopted by the city council, the new proposals …

laist.com

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Los Angeles Residents Moving To NYC, Northeast Amid Wildfires ...

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2 hours ago · Los Angeles landlords jack up rent by as much as 124% — flouting price gouging laws during deadly wildfires ... This comes amid an ongoing insurance crisis in California, …

nypost.com

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Los Angeles Landlords Jack Up Rent By As Much As 124% — Flouting …

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Los Angeles landlords jack up rent by as much as 124% — flouting price gouging laws during wildfires Jan 14, 2025 1:42 PM A five-bedroom home in Santa Monica, previously listed at …

grabien.com

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Los Angeles Landlords Jack Up Rent By As Much As 124% Amid LA …

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Landlords in fire-ravaged Los Angeles are raising rents, in some cases more than doubling, in violation of California law prohibiting price gouging, as thousands of residents seek shelter. …

totalnews.com

FAQs about Los Angeles landlords jack up rent by as much as 124% amid LA fires Coupon?

Can a landlord jacked up rent after a fire in Los Angeles?

Landlords in fire-ravaged Los Angeles have jacked up rents — in some cases by more than double the price — in violation of California law against price gouging as thousands of residents seek shelter. By law, landlords are not permitted to raise the price of housing by more than 10% after a state of emergency has been declared. ...

Why are rental prices so high in Los Angeles?

Asking prices for many rental properties in the greater Los Angeles area have spiked amid the ongoing wildfires as many displaced residents begin to look for a new place to live after their houses were burnt to the ground. ...

Are landlords breaking the law in Los Angeles?

Let's bring you a bit more about reports of price gouging by landlords in Los Angeles, which we reported on earlier. Speaking a little earlier on BBC's Sunday with Laura Kuenssberg programme, Jason Oppenheim, a real estate agent in Los Angeles, says some landlords are breaking the law by raising rents more than 10% higher than pre-disaster prices. ...

How much does an apartment cost in Los Angeles?

In 2014, the average price for an apartment in L.A. County was $1,471, The Times reported. Today, the median rent in the L.A. metro area is $2,796, according to Zillow. Last year, L.A. held 18 of the 100 priciest ZIP Codes for renters in the country, according to a RentHop study. ...

Are Los Angeles landlords exploiting wildfires?

Landlords in Los Angeles have been accused of exploiting the devastating wildfires after hiking up rents for in-demand properties by thousands of dollars. Newsweek has contacted California Attorney General Rob Bonta's office for comment via email. Price gouging by more than 10 percent after an emergency has been declared is illegal in California. ...

Should a 3% rent increase be allowed in Los Angeles?

Tenant advocates have been pushing the L.A. City Council to enact rules that would never let increases exceed 3%. They’ve highlighted findings in the study commissioned by the city showing that a majority of L.A. tenants are burdened by high rents, with about one-in-ten paying more than 90% of their income on rent alone. ...