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

21 hours 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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21 hours 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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21 hours ago · Los Angeles landlords jack up rent by as much as 124% — flouting price gouging laws during deadly wildfires ... ‘Extreme’ risk of LA fires spreading, new blazes sparking with …

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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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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Editorial: Los Angeles Can Find A Fairer Way To Raise The Rent

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Dec 8, 2024 · With the 3% guaranteed minimum allowable rent increase, however, the rent would be $1,705, according to an analysis done by Keep LA Housed, a coalition of tenant advocates. …

latimes.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 · In a season of gift-giving, many Los Angeles residents are unwrapping a less pleasant surprise — rent increases of up to 6%. City officials have been considering major …

laist.com

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Los Angeles Tenants Face Significant Rent Increases For 2025

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Jan 2, 2025 · LA rent increasing for 2025. Many Los Angeles tenants face significant rent increases this year, with rent-controlled properties capped at 4% and non-rent-controlled …

foxla.com

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Los Angeles Rents Could Rise By Up To 12% Because Of The Wildfires ...

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5 days ago · Wildfires could push up rents across Los Angeles, where nearly 60% of tenants were already cost-burdened. ... the fallout from the destruction could include higher rent prices …

marketwatch.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. ...

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. ...

Will Los Angeles fires cause a rise in rents?

While the fires have struck areas where some homes are worth many millions of dollars, the potential rise in rents in Los Angeles could also spill over into other less pricey neighborhoods, worsening costs in an already expensive city. Aarthi Swaminathan is a MarketWatch personal finance reporter. ...

Are rental housing prices rising due to wildfires?

Los Angeles-based news outlets are reporting that rental housing prices are sharply rising as tens of thousands of people are displaced due to the wildfires. California Governor Gavin Newsom announced that state price-gouging laws would be implemented on January 7 after he declared a state of emergency. ...

How will the Los Angeles fires affect the housing market?

Chelsea Kirk, director of policy and advocacy at Strategic Actions for a Just Economy, a small Los Angeles nonprofit that focuses on tenant and housing rights, said she anticipated that the fires would lead to greater strain on the Los Angeles housing market, especially as former homeowners opt to rent, either temporarily or permanently. ...

Are opportunistic landlords flouting the law after wildfires?

By law, landlords are not permitted to raise the price of housing by more than 10% after a state of emergency has been declared. But a search of local listings and horror stories from realtors show that many opportunistic landlords are openly flouting the law after the wildfires destroyed entire communities. ...