A new study by a tenant advocacy group shows a major increase in rent prices across the Los Angeles area during Southern California’s recent wildfires despite laws preventing 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.
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,
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.
A spokesperson for Zillow said it is “taking action to ... Ben Leeds Properties, a property manager with a few dozen units in Los Angeles, chalked up its rentals going for 25 percent above ...
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.
A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy fire victims.
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
High-end grocery chain Erewhon, known for its celebrity collaborations and clients in LA, is opening three new Southern California stores.
Rent for single-family homes across Los Angeles County rose by almost 25 percent, and even more in certain areas, according to a Washington Post analysis.
Looking to rent in the Salt Lake metro area? A new analysis says it's now the nation's fourth-most affordable rental market.